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Sr. De Torrechayoc – Mototaxistas. Group
In this Group: Julian, Hermitanio, Marcos, Cirilo, Victor, Tulio, Lyndon Valery, Roberto, Epifania, Bacilio, Vilma
This bank is named after the town's patron saint, "SR. DE TORRECHAYOC". This bank is located in the state of Urubamba and is composed of 11 members. They all live in Urubamba. They are all married and they all have young children. These new members all have their own individual business which is driving 'mototaxis.' This type of transportation in Urubamba is very common since the streets are very narrow and tight. This type of transportation is very fast and economical.

Our members would like to invest this loan in the maintenance of their 'mototaxis' so that they can provide a better service to their clients and make sure their 'mototaxis' will last as long as possible since they represent their work tools. In the case of the women who are members, one of them is renting her 'mototaxi' to a third person.

These members are all very thankful and they trully appreciate all the support given to them. They have all agreed on making the payments on time.
View original language description ↓
Este banco es denominado “SR. DE TORRECHAYOC”; lleva el nombre del santo patrón de la provincia de Urubamba, y este banco lo conforman 11 miembros, todos ellos viven en la provincia de Urubamba, todos son casados y tienen hijos menores.

Estos nuevos socios son dueños de sus propios vehículos de modalidad - mototaxis, estos prestan servicio público en la provincia de Urubamba y es muy común puesto a que Urubamba es pequeña y de calle afirmadas y angostas, ellos adecuaron sus motos con una especie de carrocería y de este modo, pasó hacer un medio de transporte rápido y económico; nuestros socios quieren invertir el préstamo otorgado en el mantenimiento de sus mototaxis, mejorar la apariencia y de está manera dar un mejor servicio y mayor vida sus herramientas de trabajo, en el caso de las socias mujeres una de ellas lo alquila a una tercera persona.

Estos socios están muy agradecidos y realmente valoran el apoyo otorgado por este medio y ellos se comprometen a cumplir con los pagos en las fechas establecidas.

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
  • 60
    View loans »
    Peru Loans Fundraising
  • $53,914,550
    Funds lent in using Kiva
  • 3.3
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sr. De Torrechayoc – Mototaxistas. Group's $1,875 loan helped a member mototaxi maintenance.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2009
Listed
Mar 6, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009