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Fraternidad De Urubamba Group
In this Group: Engracia, Hilaria, Eufemia*, Juan Alberto, Trinidad, Celedonia, Prudencia, Marco Antonio, Leonarda, Elizabeth, Casilda, Harol Dennis
* not pictured
The member, Engracia, is 34 years old, and married with four children. She is a native of Urubamba but lives in the city of Cusco. She is a housewife and cares for her young children. She is a happy, responsible woman who gets her family ahead. Previously, she had a small grocery store in Urubamba but had to close it because she had to move to Cusco and also because other people opened stores near hers. Engracia lives in Cusco in a rented house and wishes to furnish the house with basic amenities such as furniture. At this time, she is requesting the loan to buy a living room suite and chairs for her new house. Her husband supports the family income with his job providing transportation services on the routes from Cusco to Ollantaytambo and back. (Engracia is raising her hand in the photograph).

This group is made up of neighbors and friends that formed the “Fraternidad de Urubamba” Communal Bank in the Urubamba province, Cusco department. This communal bank is a made up of people that are always looking for opportunities to get ahead and strive daily to provide their children with a better future. The members’ business activities include sales of fruit and vegetables, “chicha de jora” (a beverage made from corn), hot drinks, straw, and meals, as well as the building and sales of furniture, and transportation and security services. The members are grateful for the opportunity provided and are committed to making their respective payments according to the established terms.
View original language description ↓
La socia Engracia tiene 34 años de edad y es casada y fruto de esta hermosa relación tiene cuatro hijos, ella es natural de la ciudad de Urubamba pero vive en la ciudad del Cusco. La socia Engracia es ama de casa y esta al cuidado de sus menores hijos, ella es una mujer muy alegre y responsable que saca adelante a su familia, ella antes tenía una pequeña tienda de abarrotes en la ciudad de Urubamba pero tuvo que cerrar porque tenía que trasladarse a la ciudad del Cusco y también porque empezaron otras personas abrir otras tiendas cerca a la suya. La socia Engracia vive en el Cusco en una casa alquila y desea implementar la casa con las comodidades básicas como por ejemplo muebles. En esta oportunidad la socia Engracia requiere el préstamo para comprar muebles como por ejemplo juego de sala y sillas para la nueva casa. El esposo de la socia apoya a la canasta familiar con el trabajo que tiene que es brindar servicio de trasportes rural en la rutas de Cusco, Ollantaytambo y viceversa. (La socia Engracia está levantando la mano en la fotografía).

Este grupo está conformado por vecinos y amigos que formaron el banco comunal “Fraternidad de Urubamba” en la provincia de Urubamba del departamento del Cusco. Este banco comunal está conformado por personas 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 los socios son por ejemplo; venta de verduras y frutas, venta de chicha de jora, venta de bebidas calientes, venta de paja, venta de comida, elaboración y venta de muebles y otros brindan servicio de trasportes y de seguridad.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

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
  • 36
    View loans »
    Peru Loans Fundraising
  • $64,331,650
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Fraternidad De Urubamba Group's $5,750 loan helped a member to buy a living room suite and chairs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 22, 2012
Aug 31, 2012
Currency Exchange Loss:
Jan 15, 2013