A loan of $4,850 helped a member to buy beer and soft-drinks.

Kutimuy Group's story

The members of “Kutimuy” communal bank meet every thirty days in Asociación Arariwa’s Micro Finances Unit’s offices in the city of Cusco. The communal bank is currently in its 13th cycle and it’s composed of 20 hard-working and enterprising members who constantly seek ways to succeed and to proviD. a better future for their children through their daily efforts.

The members are involved in a variety of commercial activities. Some sell chocolate, food, building materials and supplies while some make crafts; others proviD. services such as: tourist guides, public transport, administrative employee, nursing.

Carmen, 52, is married and has three children; her main commercial activity is grocery sales. She has been in this line of work for 15 years and does well thanks to the effort she puts into her work. She needs funds to increase her stock, especially beer and soft-drinks.

Olga has been a member of the governing board of the communal bank since 1992; she’s one of the founding members. Her dream is to own a hardware store.

All the members value and appreciate the loan granted through this means and pledge to repay in a timely fashion.

Cusco is a city that is known for its archaeological sites, its historic city center, its scenery and its history; it’s an enchanting city in the south of the country.

In this group: Carmen Antonia, Martha, Maria Edith, Soraya, Mariano, Yolanda, Antonieta, Daniel, Katia, Manuel Jesus, Sonia, Elizabeth Nery, Martha, Elsa, Francisco, Guadalupe, Ines Rosa, Elsa, Consuelo, Guisela

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Translated from Spanish by Kiva volunteer Polliz

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