A loan of $3,500 helped a member working capital.


Sr. De Ccoyllority Cachimayo Group's story

This is the Sr. D. Ccoyllority Cachimayo community bank. The members of this bank are natives of the Cachimayo district, some 40 minutes from the city of Cusco.

The members alternate their work at home with businesses, mostly farming and raising livestock which they then sell, but other members operate groceries or sell cell-phone serices or footwear in Cusco's Paraiso shopping area. Still other members have a "loceria" [don't know--might be loncheria or snack bar] store where they sell pots, plates, drinking glasses and so on. Another group of members sells fresh milk straight from their own cows. One member owns a restaurant and 2 others operate taxi services. They need loans so that they can invest in their different businesses and continue to improve their economic well-being.

Our members are grateful for the help the loans offer them in a region where bank financing isn't widely available. They are committed to being disciplined about repaying the debt within the agreed-upon time.

In this group: Augusta, Luisa, Bernardina, Agapito, Raymundo, Francisca, Meri Estela, Victoria, Judith, Juan Carlos, Ambrocio, Eugenia, Petronila, Sandi, Mercedes*
*not pictured

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Translated from Spanish by Kiva volunteer Jere Wiseman



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