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Jun 30, 2016 5:34 EST

Peru: A portion of Huchuy Qosqo Group’s $2,375 loan helps a member to buy goods such as sodas, beer, rice, sugar, milk, oil, sausages, etc.

iCrowdNewswire - Jun 30, 2016

Huchuy Qosqo Group

 
 
 
 
 
 
Borrower image
 
 
 
 
 

Huchuy Qosqo Group’s story

These are the members of the communal bank “HUCHUY QOSQO” which is located in the district and province of Calca in the department of Cusco.

One of the entrepreneurs is Timotea who is 39 and sells basic products. She also sells home products and different goods such as sweets and drinks.

She has worked for some time in the market and her store is known by people in the area. Her dream is to expand her business and give her children a better lifestyle.

The member is applying for a loan to buy goods such as sodas, beer, rice, sugar, milk, oil and sausages.

She is grateful to KIVA lenders and committed to paying back the loan on time.

In this group: Timotea, Lourdes, Luisa, Daniel, Vilma, Felicitas, Teofila, Hermogenes
*not pictured

 

 

 

 

Translator profile picture

Translated from Spanish by Kiva volunteer Sherry Bess View original language description

 

This loan is special because:

It uses a group-lending method to reach low-income borrowers.
 

 

Kate
Kiva staff

 

More about this loan

 

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 Huchuy Qosqo Group’s $2,375 loan helps a member to buy goods such as sodas, beer, rice, sugar, milk, oil, sausages, etc.

 

 

 

 
Contact Information:

Huchuy Qosqo Group

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