Señor De Accha Group

The communal bank "Senor de Accha" was founded in 2000, is currently in the fourth cycle, and is made up of 20 members, 15 women and 5 men. It is a community bank made up of members who live in the district of Pisac, located in the Sacred Valley 25 minutes from the city of Cusco.The partners that make up the community bank are principally engaged in handicrafts because they are from Pisac, a town largely of artisans. Sunday fairs in Pisac are a tourist attraction, where members sell their handicrafts, including jewelry, textiles, ceramics.
The partners value principally the access to credit and the culture of saving, as main axes of the program of community banks.

Translated from Spanish by Helen Smith, Kiva Volunteer

El banco comunal “SEÑOR DE ACCHA”, se fundo en el año 2000, actualmente se encuentra en el IV ciclo, esta conformada por 20 socias, de los cuales, 15 mujeres y 5 varones.
Es un banco comunal conformado por socias que viven en el distrito de Pisac, ubicado en el Valle Sagrado de los Incas a 25 minutos de la ciudad del Cusco.
Las socias que conforman el banco comunal se dedican principalmente a la artesanía, por ser Pisac, un pueblo eminentemente de artesanos.
Las ferias dominicales de Pisac son un atractivo turístico, donde las socias desarrollan sus actividades de venta de artesanías. Entra las principales líneas podemos citar la bisutería, tejidos, cerámica.
Las socias valoran principalmente el acceso al crédito, la cultura del ahorro, como ejes principales del programa de bancos comunales.


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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