Huklla Llamkasun Group

BCR “Huklla Llamkasun” is located in the community of Añancusi in the district of Acoria, province of Huancavelica. The translation of the Quechua-name of the group is “Let´s work as if we were one”. The main activities of the population are growing tropical fruits at lower altitudes and corn, potatoes and wheat at higher altitudes. At still higher altitudes, the people are dedicated to raising bulls and cows, with alpacas and lamas at the highest altitudes. But the size of the community and its (limited) access to public transport has brought more commerce to the village; every Tuesday there is a local market where people sell and buy most of what they need.

This bank has been formed recently by 17 female borrowers and therefore has no history yet…. It has only just started to create history in its community! The expectations working with FINCA Peru are very clear: increase business and save. For all members, the main use of the savings they will be generating from now on is for investing in their business or for the education of their children, whether it is buying school uniforms, supplies, books or even to pay the fees for entering primary or secondary school.

Although many women dedicate their time to similar businesses, they require different loan amounts because of the differences in the size of the business they run …. The loans range from 200 soles, 300 soles, up to 500 soles; the total of the loans of the 17 members is 5,400 soles (US$ 1925).

One of the group members, Lucila Ramos Nolberta, sells fruit at local markets. Another business she runs is raising small cattle. As is the case in most families, besides her business, she dedicates most of her time to the cultivation of potatoes, wheat, and oca (a root vegetable), which she uses for home consumption. With her 200 soles loan she will be able to buy more fruits. When asked about her future, she tells us that her dream is the education of her children so they can be professionals and go on studying. She simply wants to make her life and that of her family better. With her (future) savings she plans to buy more chickens and pigs, to sell when they have grown big.

Juliana Dorote Marín, who sells clothes and shoes in her small shop, tells us a slightly different story. Like Lucila, Juliana grows potatoes, wheat, and other crops for home consumption. With her loan of 500 soles, she will be able to buy more merchandise for her business. With more merchandise, she will be able to earn a little more and therefore save more. Her dream for the future is to live a good life with her family and her children. Her expectations in working with FINCA Peru are to learn to work harder and be more responsible.



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