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Cusco Sur Group
In this Group: Cledy, Esteban, Dora Yanet, Jose, Cesar, Victor, Santy, Damaso Sabino, Lucio, Gloria, Maria Eugenia, Raul, Elias, Milton, Carminia, Braulio Luis, Edwin, Miguel Angel
This bank is called "Cusco Sur" (South Cusco), and was founded 8 years ago, enabling the development of its original members up until the current day, and they continue to acquire new members, so that they too can have the opportunities that the others had. This bank is located in the central offices in the city of Cusco.

The eighteen members of this bank are artists from the southern part of the city of Cusco. There are five women and thirteen men and they take turns creating their art and showing it for sale. The money they make allows them to bring home better food and to achieve a more just education for their younger children. These members carry in their blood an ancient skill inherited from their ancestors which shapes their works and allows them to continue creating their culture and transmitting it year after year.

Our members, as they are hard-working and accomplished, are committed to paying back the loan that is granted to them in the specified period. They appreciate your support of their dreams of accomplishing their projects.
View original language description ↓
Este banco se denomina "CUSCO SUR", fundado hace 8 años, permitiendo el desarrollo D. miembros antiguos hasta la actualidad y ellos siguen agrupando a nuevos socios, para darles también la oportunidad que ellos tuvieron, este banco está ubicado en las oficinas centrales en la ciudad del Cusco.

Los miembros integrantes D. este banco, son artesanos D. la zona sur D. la ciudad del Cusco, ellos son 18 miembros 05 mujeres y 13 varones; quienes alternan sus actividades con la elaboración D. artesanía y la exposición D. sus trabajos, el dinero que ellos recaudan les permite llevar a sus hogares una mejor alimentación y alcanzar una educación más justa para sus menores hijos; estos socios llevan en su sangre una técnica ancestral heredada desD. sus antepasados, la cuál plasman en sus obras y permite así seguir cultivando la cultura y trasmitirla año a año.

Nuestros socios, son gente trabajadora y cumplida, por lo que se comprometen a devolver el préstamo que se les otorga en el tiempo determinado, a su vez agradecen su apoyo y el hecho D. soñar con la realización D. sus proyectos.

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $6,715
    Average annual income
  • 85
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 3.2
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cusco Sur Group's $1,550 loan helped a member purchase raw materials for their artwork.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2009
Listed
Feb 26, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009