A loan of $4,700 helped a member buying bathroom, electric lighting, plumbing and drain supplies and accessories.

San Antonio Group's story

The “San Antonio” communal bank is currently in its 11th loan cycle. It is made up of hard-working and enterprising people who are always seeking opportunities to get ahead, and to provide a better future for their children through their daily efforts. The communal bank's meetings take place every thirty days in the central office of the Arariwa Microfinance Institution, which is located in the Wanchaq district of Cusco province. Most of the members are involved in commerce.

William was born in the city of Cusco and is 35 years old. Currently, William lives in the same city where he was born, together with his wife and his three children. Earlier, William worked as a supervisor for the “CAPELO” distributing company, from 1996 to 2003, but the business changed owners and William was laid off.

Determined to start a new life in 2004, William used his savings to open a small hardware store, where he sells nails, paint and many other items. He can be found in his store 7 days a week, from 8 in the morning until 8 at night.

For his next loan, William hopes to receive 1000 Peruvian new soles. For the moment, his store is modestly equipped with the basic necessities. He would like to use the funds from the loan to buy bathroom accessories, electric lighting accessories, and plumbing and drain supplies. William's desire for the future is to buy a house and a building of his own for his hardware store.

William is a founding member of the communal bank, and he was chosen as secretary because he is a punctual and responsible person. He has served in this position several times, and it has gone very well for him, thanks to his charisma and good will.

In this group: Willian Leoncio, Aurelia, Luz Marina, Carolina Jacqueline, Elsa, Diana, Erwin Cristhian, Ana Maria*, Ayda Liliana, Socorro Rosa, Marleny*, Erica, Luz Marina, Cleofe, Fany Elvira, Maria Jesus
*not pictured

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Translated from Spanish by Kiva volunteer Patricia Linderman

Loan details

Lenders and lending teams

Loan details