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Asociación Belen - Compone Group
In this Group: Maria Carmela, Julia, Juana, Antonia Fulgencia, Lucila, Catalina, Tania Nelida , Yolanda, Josefina, Jesusa, Itala, Amanda, Reynaldo , Vicente, Catalino
This communal bank is called “ASOCIACIÓN BELEN - COMPONE”. It is located in the district of Anta an hour and 30 minutes from the city of Cusco. This little bank consists of 15 partners--12 women and 3 men. They have belonged to this group of neighbors, friends and parents and have worked in communal banks for about two years.

The majority of the members work raising cattle. They buy and sell cows and bulls, raise barnyard animals, and also tend crops in various seasons. Now they have finished producing corn and are preparing to sow their fields with potatoes, vegetables, and barley.

The partners will invest their capital in the following manner: some will purchase cows and sell their derivatives in Cusco on Sundays; two of the male partners, who are drivers, will purchase replacement parts and new tires for their cars; other members will rent a tractor and buy seeds; another member will buy school supplies for her children; another member will buy windows for her house; and another member will buy fermenting supplies to make maize chicha and sell it from her home.

The photo is missing one of the partners, Catalino C., who has a pass from the bank as he is in the hospital.

The bank partners appreciate and value this loan for their working capital, and promise to pay the loan total by the established dates.
View original language description ↓
Este banco comunal es denominado “ASOCIACIÓN BELEN - COMPONE”; Se encuentra ubicado en el distrito de Anta a 1 hora 30 minutos de la ciudad del Cusco; Este banquito lo conforman 15 socios 12 mujeres y 3 varones, ellos pertenecen a está asociación de vecinos, amigos y parientes y viene trabajando en función a los bancos comunales cerca de 2 años.

En su mayoría los socios, se dedican ala crianza de animales vacunos, compran y venden vacas y toros, crían animales de corral, y se dedican también a los cultivos en las diferentes épocas, ahora terminaron de producir maíz y están preparando sus tierras para la siembra de papa, verduras, cebada.

Los socios invertirán sus capitales de trabajo de las siguiente forma; comprar vacas y vender sus derivados en la ciudad el Cusco los días domingos, los 02 socios varones son chóferes de transporte y lo invertirán en la compra de repuestos par5a sus carros, llantas nuevas, otras socias para alquilar el tractor y comprar semillas, otra socia en la compra de útiles escolares para sus hijos, otra socia comprar vidrios para su casa, otra socia comprará fermento para elaborara chicha de maíz y vender en su casa.

En la foto falta un socio varón es el señor Catalino C., el tiene el permiso de sus banco, por encontrarse hospitalizado.

Los socios del banco agradecen y valoran el préstamo otorgado para su capital de trabajo y se comprometen en pagar el total del préstamo 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

  • $12,000
    Average annual income
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 3.2
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Asociación Belen - Compone Group's $2,525 loan helped a member purchase cows and seeds, rent a tractor, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2009
Listed
Mar 13, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009