A loan of $2,975 helped a member purchase of seeds and foods, and for the household expenses of meals and education.

Inmaculada Concepcion De Pachar Group's story

These members belong to the "Inmaculada Conception D. Pachar" community bank. They come from the district of Pachar in the Urubamba province, department of Cosco. The community bank is maD. up of 10 members, and the majority of them have an independent business but within related lines of work. Member meeting take place in the home of Elida, one of the members.

The members alternate their diverse household activities with their work in agriculture, livestock, grain sales, food sales, animal husbandry, etc. Many of them have their own farmland for growing sweet corn, peas, cabbage, corn, etc. One member, Nayda, works in Machupicchu as a receptionist at a hotel for tourists in the morning and then returns to her home (in the city of Pachar) in the evenings. Another member, Victoria, has a grocery store where she sells rice, sugar, oil, etc. Another of the members has a small shop for food sales.

The members are seeking a loan to be used as working capital which will then increase their productivity and their sales and in turn gives their families a better quality of life.

The group values and appreciates the loan granted in this method, and likewise they promise to complete their repayments within the determined time frame.

In this group: Victoria, Raymundina, Cipriano, Matilde, Guido, Geronimo, Clara, Nayda, Felicia, Elida

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Translated from Spanish by Kiva volunteer Sarah Merchlewitz

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