A loan of $3,275 helped a member purchase guinea pigs & chickens.

Ollantay De Wayracpuncu Group's story

Gregoria is 53 years old, married, and has nine children. She lives in the community of Phiry, which is ten minutes away from Ollantaytambo.

Gregoria says that her Communal Bank “Ollantay D. Wayracpuncu” consists of 15 members (7 women and 8 men). The board of directors consists of Juan who serves as president, Elva who serves as treasurer, José Darío who serves as secretary, and Augusto who serves as auditor. They meet every thirty days at the central office of Asociación Arariwa in Ollantaytambo. Gregoria says she was selected to represent the Communal Bank by providing testimony about her business activity. She joined the Communal Bank “Ollantay D. Wayracpuncu” three years ago as part of the microfinance unit of Asociación Arariwa. Gregoria buys and sells small animals such as guinea pigs, chickens, etc. Her customers come from the cities of Machupicchu and Ollantaytambo to buy guinea pigs. Her business activities complement her other pursuits, which incluD. farming and raising trout. Gregoria needs a loan to buy guinea pigs and chickens.

Most of the members are merchants who sell products such as groceries, prepared foods, handicrafts, snacks, medicines, and CDs. Others proviD. services such as farm labor, bricklaying, transportation, etc. The majority of the members are punctual and responsible with their loan payments.

The city of Urubamba is located an hour and ten minutes away from the city of Cusco.

In this group: Gregoria, Olger Augusto, Elva Gloria, Jose Dario, Victor Andres, Nieves Liliana, Alvino, Luz Marina, Juan De La Cruz, Miguel, Zulma, Froilan, Deysi Lourdes, Santiago, Deysi*

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Translated from Spanish by Kiva volunteer Ronan Reodica

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