A loan of $3,350 helped a member to buy powder to make fireworks and to purchase merchandise for other small businesses.


Palccaraqui Group's story

Palccaraqui is a group of 14 neighbors and family members who live and work in Urubamba, a small town an hour from Cusco. The group name means “The Path of the Sticks” in Quechua, the indigenous language spoken throughout the Sacred Valley. The group members are using the loan to fund their own businesses such as making fireworks, buying restaurant supplies and transporting goods for sale.


Lucas, the group leader, is 52 years old and has 7 children with his wife. He is an elected official in his town, and was recently reelected for a second term to serve in the mayor’s office. Lucas works as a bricklayer part-time, but also runs his own fireworks business. With his loan, he plans to buy powder to make the fireworks for local parties and events. A 14 kg bag costs about 300 soles (approx. 100 USD). As group leader, Lucas makes sure that group members are accountable for making timely payments.


Irma is 43 years old, married and has 4 children. She runs her own restaurant near the main square in Urubamba. She will use the loan to purchase supplies and food. Every Wednesday she spends 300 soles to purchase sodas and other bottled drinks from a regional distributor.


Ivan is 20 years old and drives commercial vehicles to distribute food and building supplies throughout the Sacred Valley. It took him two years to receive his commercial driver’s license after passing driving and written tests. With the loan he hopes to buy extra goods that he can transport on the vehicles and sell for extra income. He currently works for a local transport company, but hopes to own his own truck one day.


Palccaraqui is grateful for the loan. They have been working with Asociación Arariwa for over a year, and are familiar with the loan process and repayment schedule expected of them. Members guarantee each other in groups of 3 to 4 people to hold each other accountable.

In this group: Ceferino, Esteban, Juana Irma, Gabina, Ivan, María Elena, Elisa, Wilbert, Lucas, Rony*, Valentina, Milva*, Ruben, Irma
*not pictured



Loan details


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Loan details