A loan of $2,375 helped a member to buy calling cards.


Real Atahuallpa Group's story

The communal bank "Real Atahuallpa" is now in its 12th loan cycle. It is made up of hardworking and enterprising people who are always on the lookout for opportunities to get ahead, and who make a daily effort to provide a better future for their children. The group meets every 30 days in the central offices of the Institución de Micro finanzas Arariwa, which is located in the Wanchaq district of Cusco province. The majority of the members work in retail trade.

Monica, 33, was born in the city of Cusco. She now lives in the city where she was born with her husband and their 2 children. Before, Monica used to work as a street vendor selling ceviche on the corner of Dolorospata street in the Santiago district, but as there is a lot of pollution in the area she closed that business.

Determined to start a new life, Monica used her savings to open a small grocery store where she sells rice, sugar and many other items. There you can find her every day of the week, from 6 in the morning until 8 at night.

With her next loan, Monica hopes to receive 300 Peruvian soles. Right now, her store is modestly supplied with the basic necessities. Monica would like to use the money from the loan to buy calling cards. She would like to open a store that is bigger, or have a seafood restaurant. Monica is one of the founding members of the communal bank, and she is a person who is responsible and punctual.

In this group: Monica, Esteban, Claudia, Santos, Viviana, Navieth, Patricio*, Jose Carmen, Polonio, Alejandro*, Justino, Sabina
*not pictured

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Translated from Spanish by Kiva volunteer Lisa Grobar



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