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Flor De Retama De Rumira Group
In this Group: Kenia, Carla Noris, Jasinta, Manuela, Hugo Porfirio, Antonia, Rosa, Justa*, Inociencia*, Dino
* not pictured
The “Flor de Retama de Rumira” communal bank is a new one, pertaining to the “Asociacion Arariwa”. It is composed of 8 women and 2 men. The bank meets every 30 days and all the members have to be present at scheduled meetings. The majority of members are neighbors and friends who live in the community of Rumira, Ollantaytambo district, Urubamba province, Cusco department.

The members are workers and entrepreneurs who seek opportunities at every moment to get ahead and through their daily efforts, to provide a better future for their children. The economic activities some of the members are involved in include, for example; selling vegetables, fruit, or groceries, raising small animals, selling corn, or selling their artisan crafts. Other members make dresses or work as security guards.

In the photo, member Kenia may be seen raising her hand. She is 22 years old and was born in Ollantaytambo province, and resides in the community of Rumira. She lives with her husband and has just 1 son, aged 1 year and 2 months. Kenia's principal economic activity is upholstering furniture, including chairs, sofas, and other items. She has a small shop in her home where she makes her products.

On this occasion, Kenia needs a loan to buy more work materials; for example, wood, cloth, sponge, wood glue, and nails. Kenia's dream is to expand her tapestry business in the city of Cusco.

(The member who appears in the lower part of the photo was excused on the day of the meeting.)
View original language description ↓
El banco comunal “Flor de Retama de Rumira” es un banco comunal nuevo que pertenece a la Asociación Arariwa y está conformado por 8 mujeres y 2 varones. Sus reuniones del banco comunal van a ser cada treinta días y todas las socias tienen que estar presentes en las reuniones programadas. La mayoría de los socios son vecinos y tienen una buena amistad y viven en la comunidad de Rumira del distrito de Ollantaytambo de la provincia de Urubamba del departamento del Cusco.

Los socios son trabajadores y emprendedores 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 de algunos de los socios a las que se dedican son por ejemplo; venta de verduras, venta de frutas, venta de comestibles, crianza de animales menores, venta de maíz y venta de artesanía. Otros socios se dedican a brindar servicios de vigilancia y costura.

(En la fotografía la socia Kenia está levantando la mano).

La socia Kenia tiene 22 años y nació en la provincia de Ollantaytambo y vive en la comunidad de Rumira, ella vive junto con su pareja y tienen un único hijo de un año y dos meses.

Su actividad económica principal de Kenia es tapizar muebles como por ejemplo sillas, sofás y otras más, ella tiene un pequeño taller en su domicilio donde elabora sus productos. En esta oportunidad Kenia requiere el préstamo para comprar más materiales de trabajo como por ejemplo madera, tela, esponja, cola de carpintero y clavos. Su sueño de Kenia es ampliar su negocio de tapicería en la ciudad del Cusco.

(El socia que aparece en la parte inferior de la fotografía pidió permiso en día de la reunión).

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
  • 35
    View loans »
    Peru Loans Fundraising
  • $64,488,800
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Retama De Rumira Group's $2,100 loan helped a member buy work materials such as, for example, wood, cloth, sponge, wood glue and nails for upholstering furniture.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 7, 2012
Feb 15, 2012
Currency Exchange Loss:
Jul 15, 2012