Total loan: $3,500

Gran Fortaleza De San Jeronimo Group

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CUSCO, Cusco, Peru / Arts

Gran Fortaleza De San Jeronimo Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped Purchase wool and pay employee wages.

Gran Fortaleza De San Jeronimo Group's story

The Communal Bank “Gran Fortaleza de San Jeronimo” (Great Fortress of San Jeronimo) is currently in its tenth loan cycle and consists of eleven hardworking and enterprising individuals who look at each moment as an opportunity to succeed. Through their daily efforts, they have been able to provide a better future for their children. The members of this Communal Bank live in the District of San Jerónimo in the Province of Cusco. Cusco is a city known for its archaeological sites, its historical center, its landscapes, and its history for being one of the most charming cities in the southern part of the country.

The business activities of the members include selling ceviche, food, clothing, automobile spare parts, snacks via traveling sales, and handicrafts. Others provide services such as masonry and lodging. The members indicate that the Communal Bank has participated in numerous loan cycles and that they are happy and satisfied with the loan services, savings, and training classes. One ongoing aspect of the Communal Bank that is of value is the group savings account that opens the possibility for building up assets, which is what this service provides.

Constantina is a member of the Communal Bank “Gran Fortaleza de San Jeronimo”. She is 55 years old, married, and has five children. Constantina divides her time between her household activities and her business of preparing and selling food. Her husband manufactures bricks and tiles in the District of San Jerónimo in Cusco Province. Constantina says her husband leaves for work at 4am and returns at 7pm. She takes breakfast and lunch every day to her husband and his employees. In her spare time, she makes and sells blankets and ponchos. She is requesting a loan to increase her business capital. Part of the loan will be used to buy wool and the remainder will be used to pay an employee for performing work by hand.

The members, in general, are grateful for this opportunity and commit to making their payments on time.

Translated from Spanish by Ronan Reodica, Kiva Volunteer