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Apu Salkantay Group
In this Group: Ruth, Ronald Aquino, Joseph Jeremy, Elena, Ana Maria, Juana, Maria Exaltacio, Antonio, Dany Luz, Gianfranco, James Anthony, Cesar, Linda
The communal bank "Apu Salkantay" is currently in its 9th loan cycle. The group is made up of 13 enterprising and hardworking people who are always on the lookout for opportunities to get ahead, and with their daily efforts, provide a better future for their children. The members of this group live in the city of Cusco. Cusco is a city that is characterized by its archeological sites, its historic town center, its scenic countryside and its history as an enchanting city in the southern region of the country.

The members are engaged in a number of economic activities, including: the sale of beans, peanuts, sweets, cosmetics, wood, bread and cakes. Other members provide services in areas such as tourism, nursing, tourist guides, wood finishing, and teaching languages. The communal bank has had a number of loan cycles; as the members attest, they are content and satisfied with the credit, saving and training services provided. An ongoing valuable aspect of the communal bank is the service offered of group savings, which allows for the possibility of building up capital.

Ruth is a part of the communal bank "Apu Salkantay." She is divorced and has 2 children. Ruth is an industrious and enterprising woman who managed to open her own business selling wood that she brings from the city of Puerto Maldonado. A number of years ago Ruth had a business selling handicrafts, but it did very poorly, and for this reason she decided to specialize in the purchase and sale of wood. She needs a loan to pay for the expenses of transporting the wood, for example, to pay for the transport permit needed to bring wood from one city to another.

The members in general appreciate the opportunity provided, and they are committed to making each of their payments in the established timeframe.
View original language description ↓
El banco comunal “APU SALKANTAY” actualmente se encuentra en el IX ciclo, el banco comunal esta conformado por 13 personas trabajadoras y emprendedoras que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, es un banco comunal conformado por socios que viven en las ciudades del Cusco. Cusco es una cuidad que se caracteriza por su centros arqueológicos, su centro histórico, sus paisajes, su historia, siendo una ciudad encantadora de la Región Sur del país.

Las actividades económicas de los socios a las que se dedican son por ejemplo: venta de habas, maní, golosinas, cosméticos, madera, panes y biscochuelos y otros ofrecen servicios de turismo, especialista en acabados de madera, enfermera, guía de turismo y profesor de idiomas. El banco comunal tiene varios ciclos de funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios de crédito, ahorro y capacitación, por el tiempo de permanencia en el banco comunal un aspecto de valoración es el ahorro por la posibilidad de capitalización que les brinda este servicio.

Ruth forma parte del banco comunal “Apu Salkantay”, es divorciada y tiene dos hijos. Ruth es una mujer trabajadora y emprendedora que las ingenio para abrir su propio negocio, ella se dedica a la venta de madera es proveedora y trae la madera de la ciudad de Puerto Maldonado. Ruth hace varios años atrás se dedicaba al negocio de venta de artesanía pero le fue muy mal y por eso decidió dedicarse a la compra y venta de madera. Ella requiere el préstamo para los gastos de transporte de la madera como por ejemplo pagar el permiso del transporte de madera de una ciudad a otra.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

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
  • 48
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Apu Salkantay Group's $3,600 loan helped a member to pay for the transportation costs of wood, for example, to pay for the permit needed to transport wood from one city to another.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Mar 10, 2010
Mar 16, 2010
Currency Exchange Loss:
Aug 15, 2010