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Kutimuy Group
In this Group: Maria Edith, Mariano, Antonieta, Martha, Francisco*, Natalia M*, Maria Josefa, Paulo, Carmen Consuelo, Jacqueline Paola, Maria Belen
* not pictured

Update on Kutimuy Group

The members of the "Kutimuy" communal bank meet every thirty days in the offices of the microfinance arm of the Asociación Arariwa in the city of Cusco. The communal bank is now in its 21st loan cycle and is made up of several hard working and entrepreneurial people. They seek opportunities in every moment to get ahead and with their daily efforts offer a better future to their children.

The economic activities of some of the members include the sale of chocolates, food, construction material, production of artisan crafts and other members offer services including tour guides, transportation, administrative employment and nursing.

Carmen continues with her grocery store where she sells several types of foods. She has had this business for several years and it is going very well for her thanks to the perseverance that she puts into her work. She needs a loan to increase her working capital and wishes to buy merchandise including sacks of rice and sugar, noodles, beer and soft drinks.

The members value and are thankful for the loan provided through these means and are committed to making their loan installments on time. The member that is in the bottom part of the photo arrived late to the meeting.
View original language description ↓
Los socios del banco comunal “Kutimuy” se reúnen cada treinta días en las oficinas de la unidad de micro finanzas de la Asociación Arariwa de la ciudad del Cusco. Actualmente, el banco comunal se encuentra en el ciclo 21 y está conformado por varias 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 de algunos de los socios a lo que se dedican son a las ventas de chocolates, comestibles, materiales de construcción, confección de manualidades y otros socios brindan servicios como por ejemplo, guía de turismo, agencia de transportes, empleado administrativo y enfermera.

Carmen continúa con la tienda de abarrotes donde vende diferentes tipos de comestibles. Ya son varios años que se dedica al negocio y le ha va muy bien gracias al empeño que le pone a su trabajo, Ella requiere el préstamo para aumentar el capital del negocio y desea comprar mercadería como por ejemplo sacos de arroz, sacos azúcar, fideos, cerveza y gaseosas.

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. (La socia que está en la parte inferior de la fotografía llego tarde a la reunión).

Previous Loan Details

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 prov... More from Kutimuy Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 83
    View loans »
    Peru Loans Fundraising
  • $63,829,350
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Kutimuy Group's $5,700 loan helped a member to buy merchandise including sacks of rice and sugar, noodles, beer and soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 15, 2013
Mar 1, 2013
Currency Exchange Loss:
Jun 17, 2013