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In this Group: Gabina, Irene , Yessica*, Estela Benedicta, Clever Cirilo, Ricardina, Eyner Edgar*, Eveling, Maria Natividad, Juana, Luis, Delia, Victor*, Adid Margot, Doris
* not pictured
Our members meet every 30 days in the city of Yucay. The city of Yucay is 48 kilometers from Cusco. It is one of the most welcoming places in the Sacred Valley of the Incas because of its climate, pleasant scenery, and impressive terraced agriculture.

The members belong to the Los Andenes Communal Bank of the Arariwa Association. It is comprised of 15 members. Clever is the president of the communal bank.

Our members Edgar, Doris, Delia, Eveling, Gabina, and Estela sell handicrafts. Other members, like Irene, sell vegetables. Victor and Ricardino sell meat, Clever and Jessica are teachers, and Edid provides transportation services.

The members need the loan to increase their business capital and buy more materials to make handicrafts. The others will buy more products.

Our member, Luis, is 41. He has two children, but he is separated from his wife. He works for a private company as a gardener in Urubamba. He has been in this business for several years. It has gone very well for him thanks to the effort he puts into his work. He needs the loan for personal expenses.

The members appreciate and value the loan, and they promise to make their payments on time.

(Victor, Yessica, and Edgar are not in the video. They asked the governing board of the bank for permission to miss the meeting.)
View original language description ↓
Nuestros socios se reúnen cada treinta días en la ciudad D. Yucay. La ciudad D. Yucay esta a 48 kilómetros D. Cusco, es uno D. los lugares más acogedores del Valle Sagrado D. los Incas, por su clima, gratos paisajes e impresionantes andenerías.

Los socios pertenecen al banco comunal “Los Andenes” D. la asociación Arariwa y esta compuesto por 15 miembros. El socio Clever es el presidente del banco comunal.

Nuestros socios Edgar, Doris, Delia, Eveling, Gabina y Estela se dedican a la venta D. artesanía y los otros socios como Irene a la venta D. verduras, Victor y Ricardino a la venta D. carne, Clever y Jessica son docentes y nuestra socia Edid hace servicio D. transportes.

Los socios requieren el préstamo para aumentar su capital D. negocio y compraran más materiales para hacer más artesanías y los demás invertirán para comprar más productos.

Nuestro socio Luis tiene 41 años y tiene dos hijos pero esta separado D. su esposa, el es empleado D. una empresa privada y trabaja como jardinero en Urubamba. Ya son varios años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone en su trabajo. La socia requiere el préstamo para gasto personal.

Los socios valoran y agradecen el préstamo otorgado mediante este medio y así mismo se comprometen a cumplir con el pago D. sus cuotas en el plazo establecido.
(En el video no están Victor, Yessica y Edgar pidieron permiso a la junta directiva del banco para no estar en la reunión)

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
  • 118
    View loans »
    Peru Loans Fundraising
  • $61,994,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Los Andenes Group's $3,450 loan helped a member buy more products and materials to make handicrafts to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 28, 2009
Jan 12, 2010
Currency Exchange Loss:
May 15, 2010