A loan of $2,875 helped a member to buy clothing and cosmetics and for her oldest daughter's school costs.

Las Vegas Group's story

The “LAS VEGAS” communal bank is in its fifth loan cycle; it’s made up of 13 hard-working members who are always searching for opportunities to get ahead in life and to provide a better future for their children through their daily efforts. This is a communal bank composed of members who reside in Cusco province, Cusco department. Cusco is a city that is renowned for its historical city center, its scenery and its history; it is an enchanting city in the south of the country.

The members are involved in a variety of commercial activities. For example: sales of building materials and beauty products; some are teachers and others sell phone services. Another administers the “Las Vegas” and “El Palacio del Folklore” discotheques while another is a hostess at the Las Vegas discotheque. One is a receptionist and another provides biological services.

The communal bank has had several loan cycles. The members state that they are happy and satisfied with the credit services, the savings and the training received. They are particularly pleased with the savings that they can accrue by leaving their funds in a common account over time.

Kathia is a new member of the Las Vegas communal bank. She is 36 years old, lives with her life partner and their three children. She sells beauty products and clothing. She tells us that she brings the clothing from the cities of Desaguadero and Tacna and sells them to acquaintances and to institutions. She needs financing to increase her stock and also to pay her oldest daughter’s school costs.

She asks that she continue to receive this kind of loan so that her business can grow. Above all, she tells us that there are a lot of women who are unable to work independently because, being mothers; they must care for their children and have additional income.

The members in general are grateful for the opportunity offered and pledge to repay in a timely fashion.

In this group: Damiana Vilma, Lourdes, Yaqueline, Victor Hugo*, Antonia, Cristobell, Elizabeth, Anyela Trinidad, Rosa Del Carmen, James Joel, Juan Carlos, Katia Victoria, Elizabeth Gabriela
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details