The members make their livings with the sales of agricultural products and handicrafts. The communal bank has been active for several cycles, as evidenced by the members, who are happy and satisfied with the credit, savings and training services. An ongoing valuable aspect of the communal bank is the service offered of group savings, which allows for the possibility of building up capital.
Feliciana is a member of the Mainique communal bank. She is 48 years old, married and the mother of six children, 4 of whom live independently from her and two who are still dependent. Her younger children are in school. Feliciana makes her living selling "jora" (fermented corn) in Urubamba's standard market, and she also makes "chicha" (a regional beverage of southern Perú maD. with a base of Jora). Feliciana tells us that she also rents a plot of land where she grows agricultural products, and after the harvest sends them to be sold in the cities of Quillabamba and Cusco. This member needs the loan to purchase corn. Her dream is to help her oldest daughter graduate as a professional tour guiD..
Las actividades económicas D. los socios a las que se dedican son el comercio D. productos agrícolas y servicios D. venta D. artesanía. El banco comunal tiene varios ciclos D. funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios D. crédito, ahorro y capacitación, por el tiempo D. permanencia en el banco comunal un aspecto D. valoración es el ahorro por la posibilidad D. capitalización que les brinda este servicio.
Feliciana es socia del banco comunal Mainique, tiene 48 años D. edad, es casada y madre D. seis hijos D. las cuales 4 son independientes y dos dependen D. ella todavía, sus hijos menores estudian en el colegio. Feliciana se dedica a la venta D. jora (Maíz fermentado) en el mercado modelo D. Urubamba y también hace chicha (bebida regional del sur del Perú elaborada a base D. Jora). Feliciana nos cuenta que también alquila un terreno donD. cultiva productos agrícolas y después D. cosechar manda para vender a las ciudades D. Quillabamba y Cusco. La socia requiere el crédito para comprar maíz. El sueño D. la socia es hacer graduar a su hija mayor como profesional D. guía D. turismo.
Important InformationAbout 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.
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Success!! The loan was 100% repaid