Huacchacunapac Group

The members of the communal bank HUACCHACUNAPAC live in the rural community of Ccapana, in the Quispicachis district of the Cusco region, which is four hours from the city of Cusco. This bank has 14 members who are engaged in a variety of business activities. Principally they are farmers, cultivating land to produce potatoes and corn. Others are engaged in the production of livestock; they purchase cattle and fatten them and reproduce them so that they can improve their breeds and sell their calves. In addition they produce dairy products from the cows, such as fresh milk and natural yogurts and cheeses. Other members sell dry products such as seeds, lima beans, corn, cereals and beans, among others. This group is requesting a loan to continue investing in improving their production and their quality of life through these activities. The group members appreciate and value the loan granted through these means, and commit to making the payments on the debt in the established timeframe.

Translated from Spanish by Lisa Grobar, Kiva Volunteer

Los socios del banco comunal HUACCHACUNAPAC; están ubicados en la comunidad campesina de Ccapana, en el distrito de Quispicachis, en el departamento de Cusco, a 4 horas de la misma ciudad el Cusco.

Nuestros socios son un grupo de 14 miembros, todos ellos alternan sus actividades principales con diferentes comercios, principalmente ellos son agricultores, tienen en su mayoría tierras de cultivo, de papa, maíz; seguidamente a esta actividad tenemos a los ganaderos, que son socios que compran ganados vacunos y los engordan y reproducen, para así mejorar sus razas o vender sus crías, también sacan derivados de la vaca, como son la leche fresca, el yogurt natural y queso de la zona; otros socios venden los productos secos, como son semillas, pallares, maíz, cereales, habas, entre otros. Nuestros socios solicitan el préstamo para así seguir invirtiendo en mejorar su producción y su calidad de vida mediante sus actividades.

Nuestros socios agradecen y valoran el préstamo otorgado mediante este medio y así mismo 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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