A loan of $4,950 helped a member for her daughter's school expenses.

Qorichaska Del Cusco Group's story

The “QORICHASKA DEL CUSCO” communal bank is in its 13th loan cycle; it is composed of 16 hard-working people who are always seeking ways to get ahead in life and, through their daily effort, proviD. a better future for their children. The members are residents of Cusco province, Cusco department. Cusco is a city that is renowned for its historic city center, its scenery and its history; it is an enchanting city in the south of the country (Qorichaska is a Quechua word that means “golden star).

The members are involved in a variety of commercial activities. Some sell clothing, other sell cosmetics, shoes or clothes. Some sell school supplies while others proviD. public transportation services, are teachers or seamstresses. 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 get. They especially appreciate the savings they can accrue by leaving their funds in a common account over time.

Yaneth is a member of the Qorichaska communal bank. She is 60 years old and is a single mother of two daughters, Karen and Krystel. She sells seasonal articles. For example, during the Christmas season she sell wine and when the new school year is about to start, she sells school supplies like uniforms and knapsacks. Yaneth tells us that she brings the school uniforms from the city of Tacna. She has been in this line of work for several years and has done well thanks to the efforts she puts into it. She has been a member of the communal bank for 15 years. At the beginning she would borrow 100 dollars but now, she heeds 300 dollars to pay educational costs for her daughter.

She also tells us that among her goals is opening a store in which to sell her products and to visit Mexico.

The members, as a whole, are grateful for the opportunity provided and pledge to repay in a timely fashion.

(The members Luzmila, Cira and Delfín do not appear in the group photo because they asked the governing board for permission to miss the disbursement meeting).

In this group: Rina, Yaneth, Yolanda, Luis Gualberto, Luzmila Elvira*, Juana, Cira Silva*, Julia Maxmilian, Emperatriz, Edwin Enrrique, Eluz Jakeline, Oswaldo Sixtillo, Delfin Leopoldo*, Maria Benigna, Shalom Isabel, Maria Cristina
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details