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Kutimuy Group
In this Group: Carmen Antonia, Martha, Maria Edith, Soraya, Mariano, Yolanda, Antonieta, Daniel, Katia, Manuel Jesus, Sonia, Elizabeth Nery, Martha, Elsa, Francisco, Guadalupe, Ines Rosa, Elsa, Consuelo, Guisela
The members of “Kutimuy” communal bank meet every thirty days in Asociación Arariwa’s Micro Finances Unit’s offices in the city of Cusco. The communal bank is currently in its 13th cycle and it’s composed of 20 hard-working and enterprising members who constantly seek ways to succeed and to proviD. a better future for their children through their daily efforts.

The members are involved in a variety of commercial activities. Some sell chocolate, food, building materials and supplies while some make crafts; others proviD. services such as: tourist guides, public transport, administrative employee, nursing.

Carmen, 52, is married and has three children; her main commercial activity is grocery sales. She has been in this line of work for 15 years and does well thanks to the effort she puts into her work. She needs funds to increase her stock, especially beer and soft-drinks.

Olga has been a member of the governing board of the communal bank since 1992; she’s one of the founding members. Her dream is to own a hardware store.

All the members value and appreciate the loan granted through this means and pledge to repay in a timely fashion.

Cusco is a city that is known for its archaeological sites, its historic city center, its scenery and its history; it’s an enchanting city in the south of the country.
View original language description ↓
Los socios del banco comunal “Kutimuy” se reúnen cada treinta días en las oficinas D. L. unidad D. micro finanzas D. L. Asociación Arariwa D. L. ciudad del Cusco. Actualmente, el banco comunal se encuentra en el ciclo 13 y está conformado por 20 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.

Las actividades económicas D. algunos D. los socios a lo que se dedican son a las ventas D. chocolates, comestibles, materiales D. construcción, confección D. manualidades y otros socios brindan servicios como por ejemplo, guía D. turismo, agencia D. transportes, empleado administrativo y enfermera.

Carmen, tiene 52 años, es casada, tiene tres hijos y su principal actividad económica es vender su tienda D. abarrotes. Ya son 15 años que se dedica al negocio y le ha va muy bien gracias al empeño que le pone a su trabajo, elL. requiere el préstamo para aumentar el capital del negocio y desea comprar mercadería como por ejemplo cerveza y gaseosas. Olga forma parte D. L. junta directiva del banco comunal desD. el año 1992 y es una D. las fundadoras del banco comunal. Su sueño D. L. socia es tener una ferretería.

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.

Cusco es una ciudad que se caracteriza por sus centros arqueológicos, su centro histórico, sus paisajes, su historia, siendo una ciudad encantadora D. L. región sur del país.

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
  • 93
    View loans »
    Peru Loans Fundraising
  • $63,784,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Kutimuy Group's $4,850 loan helped a member to buy beer and soft-drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 26, 2010
May 7, 2010
Currency Exchange Loss:
Sep 15, 2010