A loan of $3,675 helped a member purchase potatoes and other products.

Ollantay Ii Group's story

Gregoria is 35 years old and lives with her partner and her three children in the city of Cusco. She tells us, "In my community bank 'Ollantay II', there are 13 members (12 women and one man), and the board of directors consists of Juana Esther as president, Magarita as the treasurer, Ofelia as the secretary, and Sofia as the finance advisor. The meetings are every 30 days at the central office of Asociación Arariwa. In this instance they have chosen me as the representative of the community bank to give my testimonial about my principal economic activity." Gregoria has been with the community bank for two years and she makes a living buying potatoes and selling them peeled to poultry shops and restaurants. She is requesting the loan to purchase potatoes. She has had the business for five years and it is going very well. Her dream is to have her own home and see her children become professionals. The majority of the community banks members are merchants. For example, some make a living in jewelry, others sell fruits, meals, groceries or craftwork, while others proviD. services as a parts collector, teacher, etc. The majority of the members are punctual and responsible with their payments.

In this group: Gregoria, Margarita, Ofelia, Mileni Yulderikc, Maria, Juana Nelly, Juana Esther, Sofia, Everth, Sayda Silvia, Oshiel, Sumico Magnolia, Biviana

Translated from Spanish by Kiva volunteer Marty Greenstein

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Loan details