Wayna Ccapac Group

The 10 members of the “WAYNA CCAPAC” Microfinance Institute reside in the heart of the Sacred Valley of the Incas, in the city of Cusco.

Our members alternate their traditional customs with their small businesses. They would like to request this loan so that they may restock their general stores with wholesale products like rice, sugar, noodles, cooking oil, and other goods. Some of the other members will use their loan to purchase everything related to chicha (a traditional beverage derived from corn) sales, such as yellow corn. This is why they need different amounts of money.

They are very grateful to this institute for the opportunity that they have been given, and they committed to repaying their debts within the established time frame.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer

Los socios son del banco comunal “WAYNA CCAPAC”, ellos son 10 miembros, residentes de Urubamba, ubicado en pleno corazón del valle sagrado de los inkas, en la ciudad del Cusco.

Nuestros socios, alternas sus actividades de costumbre con el comercio minorista, ellos desean solicitar este préstamo en razón a sus necesidades de implementar sus pequeños negocios como el de tiendas abarrotes, con productos al por mayor de arroz, azúcar, fideos, aceites y otros y otro grupo de socios utilizarán el préstamo para comprar todo lo referente a la venta de chicha de maíz amarillo, para esto ellos desean los diferentes montos.

Ellos se encuentran agradecidos con este medio. Por la oportunidad brindada y se comprometen a cumplir con el pago total de sus deudas en el tiempo establecido.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

Subscribe