A loan of $4,650 helped a member purchase cosmetics.


Durabank Group's story

The Communal Bank named “Durabank” is currently in its tenth loan cycle and consists of 16 hardworking and enterprising members who look at each moment as an opportunity to get ahead and provide a better future for their children. The members meet every thirty days at the offices of the microfinance division of Asociación Arariwa, which has its headquarters in Cusco. Some of the members’ business activities include selling jewelry, tempered glass, poultry, and other items. Other members provide services directly related to the land transportation industry that include attending customers, washing buses, making travel arrangements, accounting, automotive repair, mobile phone service, housekeeping, and laundry.

Belén is 42 years old and earns a living selling tour tickets. She has been in this business for 14 years and has done very well. Belén also has a side business selling cosmetics. She has been a member of her Communal Bank for three years and has performed well due to her punctuality and responsibility. Belén needs a loan to buy more cosmetics.

Cusco is a city that is known for its archaeological sites, historical center, and landscapes, making it one of the most charming cities in southern Peru.

In this group: Walter, Belen, Abelardo, Fanny Lizbeth, Santusa, Bertha, Lisbeth, Axaltacion, Gabina, Mercedes, Maria Luz, Mariela, Jackelin Karolay, Carola*, Victor, Karen Sandra
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica



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