Colquecancha Group’s story
These members belong to the communal bank “Colquecancha.” This bank is located in the district of Urubamba, which belongs to the province of Urubamba and the department of Cusco.
Ms. Sorayda is a member of this group. She is 31 years old, single, and has 2 kids in her life. She raises cattle, fattens them up and later sells them at different fairs. She works from 8 am till 6 pm, Her dream is to have a very successful cattle farm. She is asking for a loan to buy more cattle for her business.
The other members work in businesses of a selling cloth, taxi business, and selling flowers.
The members are grateful to those who form part of their dream and they promise to make the payments on their accounts according to the established schedule.
In this group: Sorayda, Liboria, Juana, Noemi, Saturnina, Francisca, Nalda, Braulia, Monica, Justina, Concepcion
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About Asociación Arariwa:
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).
A portion of Colquecancha Group’s $3,825 loan helps a member to buy more cattle for her business.