A loan of $3,275 helped a member to increase purchase and sale of potatoes.

Virgen Asunta De Racsa Group's story

Our members belong to the “VIRGEN ASUNTA DE RACSA” communal bank. The bank is made up of 11 members and it is new. The members are residents of Cusco province. Most of them have independent stalls in the "Virgen Asunta" market but with similar lines of work. The "Virgen Asunta" market is three years old. The group meetings are held in Angelica's stand. Our members alternate their various domestic chores with sales of potatoes, sacks, and grains. Marianela, for example, sells grains like corn, kidney beans, barley, wheat, etc. Antonia sells potato sacks. Most of the members sell wholesale potatoes; they distribute their potatoes to the other municipal markets. The members are asking for financing to use as working capital so that they can increase their products and sales thereby providing their families with improved quality of life. The members value and appreciate the loan granted and pledge to repay in a timely fashion. (The member José did not attend the meeting due to work obligations so does not appear in the photo. He did, however, ask the governing board of the communal bank for permission to be absent).

In this group: Saturnina, Francisca, Eulalia, Guillermo, Angelica, Maria Elena, Jose Hugo*, Antonieta Gladis, Gloria, Melvyn Mijael, Wilbert
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details