A loan of $3,925 helped a member operating capital for their various businesses.

Rumichaka Group's story

The Rumichaka Communal Bank is staring its sixth loan cycle with 17 members. They are from the Jesus of Nazareth District, which is located 15 minutes away from the city of Ayacucho. Rumichaka is a small valley.

The members have different businesses selling food, fruit, clothing, small animals, and spare parts. The majority of them grow vegetables.

One example is Sra. Maria who is 42 years old, married, and has seven children. Maria and her husband grow vegetables and then sell them at the local farmer’s market.

Elizabeth is 44 years old, married, and has four children. She grows vegetables and also raises small animals such as guinea pigs and chickens, which are sold at the fairs and markets in Ayacucho.

The members need different loan amounts ranging from 300 soles, 450 soles, 600 soles, to 900 soles. The entire Communal Bank will receive a total of 11,350 soles in loans. The money will be used to buy guinea pigs, seeds, compost, clothing, fruit, sugar, rice, and meat. Some of the money will be used to pay workers’ salaries.

The members have dreams of seeing their children finish their education, making home improvements, and building up their own capital.

In this group: Maria Elena, Elizabeth Saida, Olga Luisa, Celia, Roberta, Alejandrina, Celestina, Elisa, Dionisia, Antonio, Paula, Antonio, Vilma, Orfilia, Hermelinda Maura, Nelly, Rocio

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details