The name of the town is a combination of Spanish and Quechua, meaning "Horse Lake", a nearby body of water. It is a poor town and people live by farming, trading, and fishing. Television has arrived as has the internet and there is even an internet cafe in the market square. Other than some motorcycle/taxis, there are only one or two vehicles in town. There is an airport under construction, but it is difficult to imagine it will see much use.
^"Estadísticas de Centros Poblados 1993: Caracteristicas Socio-Demograficas y de Vivienda: Pueblo: Caballococha" El Instituto Nacional de Estadística e Informática (INEI), archived at http://www.webcitation.org/65RKe3cBy by WebCite on 14 February 2012