A loan of $2,150 helped a member purchase a hair dryer.

Progresando Group's story

The “Progresando” (Progressing) Communal Bank is a microfinance unit of Asociación Arariwa. This is a new group that just started operation.

Silberia says her Communal Bank consists of 10 members (9 women and 1 man). This is the group’s first loan and the board of directors consists of Edith who serves as president, Eva who serves as treasurer, Doris who serves as secretary, and Wilfredo who serves as auditor. Their meetings are held every thirty days at the central office of Asociación Arariwa, which is headquartered in Cusco. Silberia was provided the opportunity to represent her Communal Bank by giving her testimony about her main business activity. She is 47 years old, married, and has two children. Silberia provides cosmetology services from a salon called “Luyemi” in the Molino II Market. She previously worked at a travel business but found the work monotonous. Silberia is an enterprising and hardworking woman who needs a loan to buy a hair dryer.

Most of the members are merchants who sell food, beauty products, clothing, animal feed, guinea pigs, and provides services such as carpentry, guided tours, beauty consulting, etc.

In this group: Silberia, Felipa Doris, Edith, Luisa Francisca, Lucio Wilfredo, Sebastiana, Grace Marleny, Bacilia, Noemi, Eva

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details