A loan of $4,025 helped a member operating capital to purchase merchandise.

Llapanchis Tticarisunchis Group's story

The Communal Bank “Llapanchis Tticarisunchis” is led by Julia who serves as president, Olga who serves as secretary, Zoraida who serves as treasurer, and Walter who serves as auditor. The members meet every thirty days at the microfinance offices of Asociación Arariwa in the city of Cusco. The Communal Bank is currently in its sixth loan cycle and consists of 13 hardworking and enterprising individuals who look at each moment as an opportunity to get ahead and provide their children with a better future.

Some examples of the businesses the members are engaged in include selling food, decorations, beauty products, medicines, clothing, skewered meats, bread, and vegetables. Others work in service positions such as bakers, bricklayers, visiting health professionals, and cashiers.

Olga is 32 years old, married, has three children, and works as a clothing distributor. She tells us that she travels to the city of La Paz in Bolivia and brings back her merchandise. Olga has already been in this business for five years and has done very well as a result of her commitment to her work. She needs a loan to increase her business capital because she wants to buy merchandise, such as jackets. Olga has been a Communal Bank board member since 2008 and currently is the secretary. She was selected to be one of the Communal Bank representatives because of her punctuality and responsibility.

The members value and appreciate the loan that has been provided to them and promise to make their payments on time.

Cusco is a city known for its archaeological sites, historical center, landscapes, and history. It is a charming city located in the southern part of the country.

In this group: Olga, Reynaldo, Julia, Zoraida, Juan, Yolanda, Marina, Richar, Walter, Augusta, Rene, Diana Margot, Raul

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Translated from Spanish by Kiva volunteer Ronan Reodica

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