Total loan: $3,600
Apu Salkantay Group
CUSCO, Cusco, Peru / Retail
Flag of Peru
Apu Salkantay Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to pay for the transportation costs of wood, for example, to pay for the permit needed to transport wood from one city to another.
Apu Salkantay Group's story
The communal bank "Apu Salkantay" is currently in its 9th loan cycle. The group is made up of 13 enterprising and hardworking people who are always on the lookout for opportunities to get ahead, and with their daily efforts, provide a better future for their children. The members of this group live in the city of Cusco. Cusco is a city that is characterized by its archeological sites, its historic town center, its scenic countryside and its history as an enchanting city in the southern region of the country. The members are engaged in a number of economic activities, including: the sale of beans, peanuts, sweets, cosmetics, wood, bread and cakes. Other members provide services in areas such as tourism, nursing, tourist guides, wood finishing, and teaching languages. The communal bank has had a number of loan cycles; as the members attest, they are content and satisfied with the credit, saving and training services provided. An ongoing valuable aspect of the communal bank is the service offered of group savings, which allows for the possibility of building up capital. Ruth is a part of the communal bank "Apu Salkantay." She is divorced and has 2 children. Ruth is an industrious and enterprising woman who managed to open her own business selling wood that she brings from the city of Puerto Maldonado. A number of years ago Ruth had a business selling handicrafts, but it did very poorly, and for this reason she decided to specialize in the purchase and sale of wood. She needs a loan to pay for the expenses of transporting the wood, for example, to pay for the transport permit needed to bring wood from one city to another. The members in general appreciate the opportunity provided, and they are committed to making each of their payments in the established timeframe.
Translated from Spanish by Lisa Grobar, Kiva Volunteer