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Kusirikuy Group
In this Group: Julia Victoria, Norma Del Pilar, Magdalena, Julia, Carmen Lucrecia, Atlantida Cleofe, Mery Yuli, Zaida, Amalia, Norma Gloria, Veronica, Dina, Karina, Emilia, Timotea, Miriam Elizabeth, Zonia, Leonilda, Justiniana, Jose Luis, Delia, Andres
View original language description ↓
The Communal Bank for the Kusirikuy Group, which means "be happy" in Quechua, was started 1 year and 8 months ago. Currently, there are 22 members who have had 6 loan cycles together. The founding members were Magdalena, Ana, Norma, Julia, Gloria and Amalia, and this Communal Bank was recognized as a "Model Bank" for having punctual, responsible members. It's a very happy group that is very united.

The members have different businesses, like fruit sales, grocery store, cake making, arrangements for different occasions, screen printing, sculpture, hairdresser, food sales, cosmetics, and market vendors.

Each member has a story to tell, such as Magdalena, who makes cakes and arrangements for weddings, fifteenth birthday parties, and all kinds of occasions. Magdalena started out with a small amount of capital and soon after taking a loan from her Communal Bank bought more supplies and started to promote her services more among her friends. Currently, her business has grown and has many clients.

On the other hand, Karina says that she was the latest member of the Communal Bank and thanks to the training she has received, is now punctual and responsible. She tells about being a market vendor along with her husband, and now with their loan, she will create a new business selling make-up.

The members need different loan amounts. Some are for 200 soles, 400 soles, 800 soles, for a total of 11,000 soles in loans at the Communal Bank.

The loans will be invested in the purchase of flour, dough, floors, make-up, sodas, fruit, rice, sugar, milk, eggs, iron, clothes iron, fabric crayons, etc.

The various members dream of having a car to be able to transport their products, have a large, stable store, have a place of her own, a stable business, and for their children to be professionals.

Translated from Spanish by a Kiva volunteer.

El Banco Comunal Kusirikuy que significa “alégrate”en quechua, se inició hace 1 año y 8 meses. Actualmente son 22 socias y ya tienen 6 ciclos juntas. Las socias fundadoras fueron Magdalena, Ana, Norma, Julia, Gloria y Amalia y este Banco Comunal fue premiado como “Banco Modelo” por tener socias puntuales y responsables. Es un grupo muy alegre y son muy unidas.
Las socias realizan diferentes negocios como la venta D. frutas, tienda D. abarrotes, preparación D. tortas, arreglos para diferentes compromisos, serigrafía, escultura, peluquería, venta D. comida, cosméticos y feriantes.
Cada socia tiene una historia que contar, como es el caso D. Magdalena, quien prepara tortas y realiza arreglos para matrimonios, quince años y todo tipo D. compromisos. Magdalena inició con poco capital y luego D. sacar un préstamo D. su Banco Comunal compró mas insumos y comenzó a promocionar más sus servicios entre sus amigos. Actualmente su negocio ha crecido y tiene muchos clientes.
Por otro lado Karina dice que era la socia más “tardona” del Banco Comunal y gracias a las capacitaciones que recibió, ahora es puntual y responsable. Ella cuenta que era feriante junto a su esposo y ahora con su préstamo ella implementará un nuevo negocio D. venta D. maquillaje.
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 200 soles, 400 soles, 800 soles haciendo un total D. 11000 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra D. harina, masa elástica, pisos, maquillaje, gaseosas, frutas, arroz, azúcar, leche, huevo, fierro, plancha metálica, pinturas para el estampado, etc.
Los sueños D. las socias son tener un carro para poder transportar sus productos, tener una tienda granD. y estable, un local propio, un negocio estable y que sus hijos sean profesionales.

Additional Information

About FINCA Peru

This loan is administered by FINCA Peru, one of Kiva’s Field Partners in Peru. FINCA Peru is dedicated to empowering socially and economically disadvantaged women in Peru, contributing to the development of their families, and building sustainable communities.

In 1990, FINCA Peru began by lending to a small group of women widowed by the Shining Path terrorist movement in Ayacucho. Beyond loans and financial services, FINCA offers business development training, personal and family development training, gender empowerment sessions, life insurance products, and financial and social literacy sessions for the children of borrowers. Visit FINCA Peru’s Kiva Field Partner page to learn more.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $12,000
    Average annual income
  • 106
    View loans »
    Peru Loans Fundraising
  • $59,068,775
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Kusirikuy Group's $3,725 loan helped a member the members need different loan amounts. Some are for 200 soles, 400 soles, 800 soles, making a total of 11,000 soles in loans from the Communal Bank. The loans will be invested in the purchase of flour, dough, floors, make-up, soft drinks, fruits, rice, sugar, milk, eggs, iron, clothes iron, fabric crayons, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 6, 2008
Dec 22, 2007
Currency Exchange Loss:
May 6, 2008