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Palccaraqui Ii Group
In this Group: Lucia, Carina, Elizabeth, Bruño, Tito Ruben, Eduardo, Maria Ofelia, Milvia
This group is called “Palccaraqui II” and meets every 30 days in the city and district of Urubamba (Cusco, Peru). The Communal Bank is distinguished for having hardworking individuals who are professionals, artisans, and merchants. There are eight members and this is the first time they have requested a loan from Asociación Arariwa. The money will be invested in the improvement of their businesses.

At this meeting, the staff of Asociación Arariwa met with Sra. Lucia. She indicated that she was born in the city of Quillabamba, but now resides in the subdivision of Palcaraqui in the city of Urubamba. Lucia lives with her three children: Brenda – 18, Lenin - 15, and Arnold – 11. From a young age, Lucia has been known for being a responsible and friendly person. Her neighbors encouraged and invited her to participate in the Communal Bank.

Lucia is a nurse and works at a health clinic in the city of Urubamba. She also engages in farming and raising small animals. Lucia is taking this opportunity to request a loan for home maintenance. She plans to buy wood and cement. Lucia is 42 years and has great desire to succeed and do well in her business day after day so that she can always provide the best for her family. Her dream is to see her children become professionals.
View original language description ↓
Este grupo se llama “PALCCARAQUI II” y se reúnen cada treinta días en la ciudad de Urubamba en el distrito de Urubamba. (Cusco, Perú). El banco comunal se distingue por estar conformado por gente trabajadora, profesionales, artesanos y comerciantes. El grupo está conformado ocho integrantes y es la primera vez que solicitan un préstamo de la Asociación Arariwa y el dinero lo invertirán para mejorar sus negocios.

En esta reunión conocimos a la señora Lucia y nos cuenta que ella nació en la ciudad de Quillabamba y ahora vive en la ciudad de Urubamba en el poblado de Palcaraqui junto con sus tres hijos (Brenda de 18 años, Lenin de 15 años y Arnold de 11 años). Desde joven se caracterizo por ser una persona responsable y amable y por ese motivo sus vecinas le invitaron a participar en el banco comunal. Lucia es enfermera y trabaja en una posta de salud de la ciudad de Urubamba, ella también se dedica a la agricultura y a la crianza de animales menores. Ella en esta oportunidad requiere el préstamo para el mantenimiento de la casa ósea quiere comprar maderas y cemento. Ella tiene 42 años de edad, es una persona con muchas ganas de superarse y tener un negocio exitoso día con día, siempre con el deseo de brindarle lo mejor a su familia. El sueño de la socia es ver profesionales a sus hijos.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $12,000
    Average annual income
  • 46
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Palccaraqui Ii Group's $2,175 loan helped a member to buy wood and cement for home improvements.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 28, 2011
Jan 12, 2012
Currency Exchange Loss:
May 15, 2012