Check out other loans that are currently fundraising!
Kuska Llankasun De Rumichaca Baja. Group
In this Group: Percy, Jaime, Julieta , Marcelino, Fredy, Eloy, Clotilde, Luz Marina , Saida, Margoth, Cristina Angelica, Yanet, Basilia, Rina Elisa, Maria Reveca, Cristina
This cooperative bank calls itself "kuska llankasun D. rumichaca baja”. This bank is comprised of 16 members, all of whom are residents of the lower Rumichaca community, located 13 minutes from Urubamba. The predominant moD. of transportation used is “moto-taxi”. Electrical service arrived in this area only recently.

The members of this community bank in the Rumichaca zone dedicate themselves to various activities such as farming, planting corn, potatoes, vegetables and others, depending on the season. Some members also dedicate themselves to handmaD. crafts, as well as the sale of simple candles for illuminating their homes. Yet other members raise poultry, cows, and dairy products.

These members give thanks for the help provided to them, as the area they live in doesn’t allow easy access to banking services for their financial needs. They are grateful for the loan provided, and are committed to repaying it in its entirety and in the time-frame allotted.
View original language description ↓
Este banco comunal se autodenomina "kuska llankasun D. rumichaca baja"; Este banco lo conforman 16 miembros, todos ellos D. la comunidad D. Rumichaca baja, esta situado a 13 minutos D. la población D. Urubamba, movilidades que llevan a este banco son las motos taxi, Esta comunidad recientemente cuenta con servicio D. luz.

Los integrantes socios D. este banco comunal D. la zona D. Rumichaca, se dedican entre sus actividades domésticas a la agricultura, sembrando maíz, papa, hortalizas, entre otros productos y dependiendo a la época; también algunos socios se dedican a la artesanía, y algunas socias a la venta D. velas simples para el alumbrado D. su hogar, otras socias crían aves D. corral para su próxima venta, y animales vacunos y venta D. derivados.

Estos socios agradecen la ayuda prestada, puesto que la zona en la que ellos viven no cuentan con accesibilidad a la banca financiera justa y que se adecué a sus necesidades y a sus limitaciones, por lo que agradecen el préstamo otorgado y se comprometen el pago en su totalidad del préstamo adquirido en el plazo determinado.




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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,968,650
    Funds lent in using Kiva
  • 3.3
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuska Llankasun De Rumichaca Baja. Group's $4,325 loan helped a member to purchase fertilizers, livestock and poultry.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2009
Listed
Mar 10, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009