Total loan: $3,950
Virgen Asunta Group
Urubamba - Urubamba - Cusco, Cusco, Peru / Agriculture
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Virgen Asunta Group's loan finished fundraising,
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A loan helped To buy 100 chicks as well as feed for them.
Virgen Asunta Group's story
The “VIRGEN ASUNTA” communal bank is in its 5th loan cycle and is composed of 16 hard-working and enterprising people who are constantly looking for ways to get ahead in life and proviD., though their efforts, a better future for their children. The members resiD. in Urubamba province, Cusco department. Urubamba is a city that is renowned for its archaeological sites, its scenery and its history; it is a charming city in the southern part of the country. The members are involved in a variety of commercial activities; such as: sale of food, sweets sales, and tire sales, dry products sales, egg sales, alcoholic beverage sales (like Chicha, a regional beverage from the south of Perú), the sale of small farm animals. Others proviD. transportation and welding services. The communal bank has had several loan cycles. The members state that they are happy and satisfied with the credit services, the savings and the training; they also appreciate the increase in capitalization they get from leaving their funds in a common account for a period of time. Alejandrina, 48, is a member of the Virgen Asunta communal bank. She is married and has 5 children. She is engaged in three different commercial activities: she raises small farm animals, sell chicha and sells food and vegetables. She relates that for the last 27 years she has sold chicha and food and has raised animals. She buys small animals in San Jerónimo, raises them and, when they reach proper weight, sells them. On Monday, Thursday and Saturday she sells in Chincheros and on Wednesday and Friday at the Pintacha farmers market. Alejandrina tells us that she leases land to farm her products, for example, corn. She regrets to inform us that the lands she uses to plant her crops were flooded by water from the Vilcanota River which caused major losses. She used to sell her products for 2800 soles but she now has to sell extremely poor quality product for a very low price. She needs 800 soles to buy chickens; she will buy approximately 100 chicks as well as feed for them. The members, as a group, are grateful for the opportunity they have been given and pledge to repay in a timely fashion.
Translated from Spanish by Michael Bujazan, Kiva Volunteer