A loan of $3,750 helped a member gladys requires the loan in order to buy things for work such as material, paints etc.

Qolquewasi Group's story

The members of the “Qolquewasi” communal bank meet every thirty days in the offices of the “Asociación Arariwa” microfinance company in the city of Cusco. Currently, the communal bank is in its 12th cycle and is made up for hardworking, enterprising people who are always looking for ways to get ahead. With their daily efforts, they are securing a better future for their children.

Gladys is a 47 year old widow with three children, two of whom are grown up and one who is still dependent upon her.

Gladys tells us: “In my communal bank “Qolquewasi” there are 13 members (10 women and 3 men) and they elected me to represent the communal bank and give my testimony of my economic activity.” Gladys is a nurse and works in ESSALUD. It has been 20 years since she started working there and it is going very well. Along with her sister Nataly, she has a family business selling crafts in the “Intipakaria” market on the Sol Avenue in the city of Cusco. Gladys requires the loan in order to buy things such as material and paints for work.

The economic activities of some of the members include selling groceries, dry goods, guinea pigs, car parts, bread, and wooden furniture. Some members are involved in the service industry working in transportation, housekeeping, child minding, teaching and laundry services. Others are professionals in engineering systems and education.

The members value and appreciate the loans authorized through this method and promise to repay the loan in the established plan.

Cusco is a city that is known for its archeological and historical centers, its scenery, and its history. Cusco is a much loved city in this southern region of the country.

(Lucila, one of the group members, appears in a separate photo since she arrived late to the photo session).

In this group: Gladys Vilma, Elena, Nataly, Florentina*, Agustina, David*, Lucila, Nicolas, Nely, Yolanda, Lenina, Carlos, Fanny
*not pictured

Translated from Spanish by Kiva volunteer

Loan details

Lenders and lending teams

Loan details