A loan of $1,950 helped a member the member, Dagmar, needs to loan to increase her business's capital by buying more sugar, rice, noodles, sodas and many other products.

Virgen Asunta Group's story

The members belong to the communal bank "Virgen Asunta." They live in the community of Hospitalpampa in Anta province, Department of Cusco. They meet every thirty days at the home of señora Dagmar in the community of Hospitalpampa. The communal bank “Virgen Asunta” is made up of 10 members.

The members make their livings in retail trade. Among the members of this bank we have Gerónima, who makes her living selling firewood; Teresa who makes her living processing and selling yogurt; Silvestre who makes his living building houses; and Marylin buys and sells grains. They are worried because they aren't able to sell their products due to the heavy rains that lasted for several days. The rains raised the water level of the river, which moved the bridge over which they cross from the community of Izcuchaca into the city of Cusco; therefore, there is no way across. The members cannot bring their products to sell in the different cities of the Department of Cusco, but they managed to sell their products once an alternate route to the city of Cusco was opened.

The member Dagmar is 44 years old, is married and comes from the city of Calca. She has five children and currently lives in the community of Hospitalpampa. She is a working mother who managed to open a small business buying and selling foodstuffs. Sra. Dagmar needs the loan to increase her business's capital and purchase more sugar, rice, noodles, sodas and many other products.

Our members are grateful for the opportunity provided and promise to make good on the various payments in the established time periods.

In this group: Geronima, Silvestre, Francisca, Teresa, Marilin, Cinthia*, Dagmar Margot, Urbano, Luis, Naciancena
*not pictured

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Translated from Spanish by Kiva volunteer Marni Siegal

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