A loan of $4,050 helped a member to buy school supplies.

Amigos Emprendedores Group's story

The “AMIGOS EMPRENDEDORES” (ENTERPRISING FRIENDS) communal bank is in its 9th loan cycle; it is composed of 15 hard-working persons who are always seeking opportunities to get ahead in life and to provide, through their daily efforts, a better future for their children. They 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. Some sell clothing, others sell food. Others sell clothing or school supplies and some are tourist guides. The communal bank has had several loan cycles and the members state that they are happy and satisfied with the credit services, the savings and the training they receive. They are particularly happy with the savings they can accrue by leaving their funds in a common account over time.

Lorenza is a member of the Amigos Emprendedores communal bank. She is 45 years old, married, and has three children (Maria, Lisbeth and Patricia). She sells clothing in the “San José” shopping center on Cusco’s Trinitarias street. Lorenza tells us that she brings the clothes, like coats, from the city of Desaguadero. She has been in this line of work for 10 years and has done well thanks to the effort she puts into her work. She need and 800 sol loan to buy school supplies. She tells us that when the new school year is about to start, she puts away all her clothing and concentrates on selling school supplies.

The members as a whole are grateful for the opportunity granted by this means and pledge to repay in a timely fashion.

In this group: Rony, Benjamin*, David Jesus, Andrea, Mateo, Maruja, Beatriz, Delia, Mercedes*, Rebeca, Lorenza, Irma, Glenny Yalime, Hilario*, Raul
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details