Sumaq Soncco Group
A loan of $1,975 helps a member to buy seeds and fertilizer.
Sumaq Soncco Group’s story
The members belong to the “Sumaq Soncco” communal bank. This bank is located in the district of Vilcabamba, belonging to La Convencion province and the department of Cusco.
The member Anastacia is single and 85 years old. She makes a living growing fruit. She has land where she grows bananas, coffee, mandarins and oranges. She works from 6 am until 5 pm. She is a hard-working and enterprising person who through this business gets ahead with her family. She has been in this business for a number of years and things are going very well for her. Her dream is to expand her growing land. She is requesting the loan to buy seeds and fertilizer.
The other members make a living in a grocery store business, agriculture, raising cattle and an animal selling business.
The member thanks those who form part of this dream through this medium and promise to comply with the payment of the scheduled installments.
In this group: Luzmila, Gabina, Cleofe, Anastacia, Pulina, Petronilla, Marisol
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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).