Señor De Los Milagros De Chimpahuaylla Group

The Señor de los Milagros de Chimpahuaylla Community Bank is located 35 minutes from the city of Cusco in the Chimpahuaylla community.

Their members have different, small businesses. Some sell “salchipapas” (fast food made from fried sausages and fried potatoes), grains (corn, beans, barley, wheat), and vegetables. Some are teachers and others have grocery stores.

The members need a loan to invest in their different businesses. That way they can improve their services.

The members are appreciative of the loan and the support given this way, and they promise to pay their debts on time as agreed upon.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

El banco comunal “SEÑOR DE LOS MILAGROS DE CHIMPAHUAYLLA”, se encuentra ubicado a 35 minutos de la ciudad del Cusco perteneciente aún ala comunidad de Chimpahuaylla.

Nuestros socios alternan sus diferentes actividades con los negocios, ellos tienen pequeños comercios, son vendedores de salchipapas, (comida rápida, elaborada a base de salchichas fritas con papas fritas), venden granos (maíz, habas, cebada, trigo), venta de verduras, algunos son docentes y otros tienen sus tiendas de abarrotes, los socios requieren el préstamo para poder invertir en sus diferentes negocios y de esa manera mejorar sus servicios.

Los socios se encuentran agradecidos con el préstamo otorgado y el apoyo prestado mediante este medio y se comprometen a cumplir con el pago 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

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