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The communal bank "Vigrencita del Carmen de Huychu" was founded in September of 2002 and is currently in its sixth cycle. It is made up of 12 female clients.

This is a communal bank that was formed by members that live in the district of Guayllabamba in the community of Huychu, which is located in the Sacred Valley of the Incas, 50 minutes away from the city of Cuzco

The clients are female villagers dedicated mainly to agricultural work (cultivating corn, potato and other vegetables and raising small farm animals). The majority of the clients combine their agricultural work with commercial businesses (selling agricultural products and small farm animals) selling their products in local markets in small cities and as traveling salespersons in surrounding cities.

One aspect of the program that the clients appreciate is that Arariwa gives them the possibility to access credit, teaches them a culture of savings, and gives them monthly trainings.

Translated by Lucia Franzese, Kiva Volunteer

El banco comunal “VIRGENCITA DEL CARMEN DE HUYCHU”, se fundo en septiembre del 2002, actualmente se encuentra en el VI ciclo, esta conformada por 12 socias mujeres.
Es un banco comunal conformado por socias que viven en el distrito de Guayllabamba, comunidad de Huychu, ubicado en el Valle Sagrado de los Incas a 50 minutos de la ciudad del Cusco.

Las socias son mujeres campesinas dedicadas a labores agrícolas principalmente (cultivos de maíz, papa y hortalizas, crianza de animales menores), la mayoria de las socias combinan las actividades agrícolas, con las comerciales (venta de productos agrícolas y animales menores) realizando las transacciones en las ferias locales de los centros poblados y comunidades aledañas como vendedoras ambulantes.

A decir de las socias, un aspecto importante que resaltan del servicio que la UMF. Arariwa les brinda es haberles dado por primera vez la oportunidad de acceder a un crédito, les enseñan a tener cultura de ahorro y reciben capacitaciones mensualmente.

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).

About Peru

  • $12,000
    Average annual income
  • 41
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,325 helped Susana the clients use the loan to promote their agricultural and secondary commercial activities / Las socias utilizan el prestamo para la principal actividad la Agricola y actividades secundarias comercio.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 30, 2008
Oct 15, 2008
Currency Exchange Loss:
Mar 15, 2009