Los Comerciantes De Andahuaylillas Group

Eleven members make up this friendly group known as the "LOS COMERCIANTES DE ANDAHUAYLILLAS" communal bank. The members live in the Andahuaylillas district which is 45 minutes by car from the city of Cusco.
The members alternate their different activities with their main activities which are agriculture, livestock farming and retail sales. The women in the group, for the most part, sell prepared meals in the town's central market. Some of them raise small farm animals (guinea pigs, baryard fowl, pigs) for sale. Still others have grocery stores or sell music CDs or movies. Our members little by little increase their sales making their enterprises more prosperous and of wider variety. Every so often they reinvent themselves to be more competitive with other merchants. They request this loan to invest in their various business enterprises.
Our members are grateful for and greatly value the funds obtained through this method and commit to the total repayment of their debt in the time frame agreed upon and pledge to continue forward despite difficulties.

Translated from Spanish by Michael Bujazan, Kiva Volunteer

Los socios del banco comunal “LOS COMERCIANTES DE ANDAHUAYLILLAS”, son 11 miembros que forman parte de este simpático grupo; nuestros miembros viven en el distrito de Andahuaylillas, situado a 45 minutos en auto desde la ciudad del Cusco.

Nuestros socios alternan sus diferentes actividades con la agricultura como actividad principal, la ganadería y finalmente el comercio minorista, nuestras socias en su mayoría venden comida en el mercado central del pueblo, otras crían animales menores (cuyes, aves de corral, chanchos), para su futura venta, otras socias tiene sus tiendas de abarrotes y venta de CDs de música y de películas; nuestros socios incrementan poco a poco sus negocios haciéndolos más prósperos y más amplios, ellos se reinventan cada cierto tiempo para así ser más competitivos frente a otros negocios, solicitan el préstamo para poder reinvertir en sus diferentes negocios.

Nuestros socios agradecen y valoran el préstamo otorgado mediante este medio y se comprometen a cumplir con el pago total de sus deudas en el plazo establecido y así mismo prometen seguir adelante pese a las dificultades.



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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