A loan of $4,000 helped a member to purchase ingredients such as rice, sugar, pasta and other items.


Miskyunu-Phiry Group's story

The Community Bank "Women in Action" are currently on their 7th loan cycle. The group is maD. up of very hard working individuals that are always on the lookout for opportunities for success. With their daily efforts they hope to proviD. a better future for their children. The Community Bank meetings are held every 30 days in the home of Florentina, a member of the bank, located in the community of Phiry, Ollantaytambo. The community of Phiry is located 2 hours from the city of Cusco. The majority of the population are farmers. Soledad is 25 yaers old and she has a won. She was born in the city of Ollantaytambo but she currently lives in the community of Phiry. Eight years ago Soledad opened a restaurant in her house where she sells foods to her neighbours. Soledad also raises livestock such as guinea pigs, for consumption. The loan she has requested is in the amount of S/300 soles. At the moment her restaurant is modestly stocked with the basic necessities. She would like to invest the funds to purchase ingredients such as rice, sugar, spaghetti and various other items. The dream of this member is to become a successful business woman and would like to operate several franchise locales in the city of Ollantaytambo. Soledad is one of the founding members of this Community Bank and she has been elected as secretary of the group because she is very punctual and responsible. She has been in this position various times before and it has worked out very well thanks to her charisma and positive outlook.

In this group: Florentina, Avelina, Rosa, Jesus, Yolanda, Soledad Nilda, Hilaria, Silveria, Exaltacin, Eloy, Jeannethe, Pablo, Yolanda, Susana, Irma, Julia
*not pictured

Translated from Spanish by Kiva volunteer



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