A loan of $4,700 helped a member to sell clothes, food, cosmetics, and the production of sweaters.

Mosoc Runa Group's story

Our members belong to the communal bank " MOSOC RUNA." This name is of Quechua origin and translated to Spanish. "MOSOC" means new and "RUNA" means man (in a human racial sense), we translate it as New People. There are 15 members, who are all friendly and enterprising. The members live in the city of Cusco. The majority of them are independent entreprenuers and have similar jobs.

The members alternate their diverse activities with minority commercialism in Cusco. They have different businesses such as selling clothes, beauty products and other enterprises as well. One of the member's jobs is to process alpaca wool into fabric and later make sweaters, winter hats, scarves, gloves, and dresses. She exports her products to Japan. Another member has a store in a school where she sells sweets, cookies, cakes, etc.

All of the members of the communal bank are new and wish to invest the loan in new businesses. This way they plan to make their businesses grow, improve their standards of living, and increase production and profits

The members value and are thankful for the offered loan through this resource and in the same manner commit to repay their loans in the established time period.

(Member RUBEN is not in the photo because he was working as a teacher.)

In this group: Maria Antonieta, Tula, Hermenegilda, Francisca, Ruben Rolando*, Aquilina, Dina, Ruth Miguelina, Elvira, Roxana, Guillermo Miguel, Consuelo, Lucy, Luis Angel, Lourdes
*not pictured

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Translated from Spanish by Kiva volunteer Susan Garza

Loan details

Lenders and lending teams

Loan details