Ollantay De Wayracpuncu Group
Gregoria says that her Communal Bank “Ollantay D. Wayracpuncu” consists of 15 members (7 women and 8 men). The board of directors consists of Juan who serves as president, Elva who serves as treasurer, José Darío who serves as secretary, and Augusto who serves as auditor. They meet every thirty days at the central office of Asociación Arariwa in Ollantaytambo. Gregoria says she was selected to represent the Communal Bank by providing testimony about her business activity. She joined the Communal Bank “Ollantay D. Wayracpuncu” three years ago as part of the microfinance unit of Asociación Arariwa. Gregoria buys and sells small animals such as guinea pigs, chickens, etc. Her customers come from the cities of Machupicchu and Ollantaytambo to buy guinea pigs. Her business activities complement her other pursuits, which incluD. farming and raising trout. Gregoria needs a loan to buy guinea pigs and chickens.
Most of the members are merchants who sell products such as groceries, prepared foods, handicrafts, snacks, medicines, and CDs. Others proviD. services such as farm labor, bricklaying, transportation, etc. The majority of the members are punctual and responsible with their loan payments.
The city of Urubamba is located an hour and ten minutes away from the city of Cusco.
Gregoria nos cuenta. - En mi banco comunal “Ollantay D. Wayracpuncu” somos 15 integrantes (7 mujeres y 8 varón), la junta directiva está conformada por Juan que es el presidente, Elva que es la Tesorera, José Darío que es la secretaria y Augusto que es la fiscal. Las reuniones son cada treinta días en la oficina central D. la Asociación Arariwa seD. Ollantaytambo y en esta oportunidad me eligieron a mí como representante del banco comunal para dar mi testimonio D. mi principal actividad económica.
“Gregoria hace 3 años que participa en el banco comunal Ollantay D. Wayracpuncu la Unidad D. Micro finanzas D. la Asociación Arariwa”.
Gregoria su principal actividad económica es la venta y compra D. animales menores como por ejemplo cuyes, gallinas, etc. Sus clientes vienen D. las ciudades Machupicchu y Ollantaytambo a comprar cuyes. Sus actividades económicas complementarias son cultivar verduras y crianza D. truchas. Gregoria requiere el préstamo para comprar cuyes y gallinas.
La mayoría D. los socios son comerciantes por ejemplo algunos se dedican a la venta D. comestibles, alimentos preparados, artesanía, comida, alimentos, medicamentos, cd’s y otros socios brindan servicios como por ejemplo son obreros, albañiles, transportistas, etc. La mayoría D. los socios son puntuales y responsables con las cuotas.
La ciudad D. Urubamba se encuentra a una hora y diez minutos D. la ciudad del Cusco.
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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