Silberia says her Communal Bank consists of 10 members (9 women and 1 man). This is the group’s first loan and the board of directors consists of Edith who serves as president, Eva who serves as treasurer, Doris who serves as secretary, and Wilfredo who serves as auditor. Their meetings are held every thirty days at the central office of Asociación Arariwa, which is headquartered in Cusco. Silberia was provided the opportunity to represent her Communal Bank by giving her testimony about her main business activity. She is 47 years old, married, and has two children. Silberia provides cosmetology services from a salon called “Luyemi” in the Molino II Market. She previously worked at a travel business but found the work monotonous. Silberia is an enterprising and hardworking woman who needs a loan to buy a hair dryer.
Most of the members are merchants who sell food, beauty products, clothing, animal feed, guinea pigs, and provides services such as carpentry, guided tours, beauty consulting, etc.
Silberia nos cuenta. - En mi banco comunal “Progresando” somos 10 integrantes (9 mujeres y 1 varón), está en el primer ciclo y la junta directiva está conformada por Edith que es la presidenta, Eva que es la Tesorera, Doris que es la secretaria y Wilfredo que es el fiscal. Las reuniones son cada treinta días en la oficina central D. la Asociación Arariwa seD. Cusco y en esta oportunidad me eligieron a mí como representante del banco comunal para dar mi testimonio D. mi principal actividad económica.
Silberia, tiene 47 años, es casada y tiene dos hijos.
Silberia su principal actividad económica es brindar servicios D. cosmetología en el mercado el “Molino II” y se llama “Luyemi”. Antes, ella se dedica al negocio del turismo pero le fue regular. Silberia es una mujer emprendedora y trabajadora que requiere el crédito para comprar una secadora D. cabello.
La mayoría D. los socios son comerciantes por ejemplo algunos se dedican a la venta D. comida, productos D. belleza, ropa, pasto (comida para animales), cuyes y otros socios brindan servicios como por ejemplo son carpintero, guía D. turismo, cosmetología, etc.
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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