A loan of $3,375 helped a member to purchase merchandise such as: rice, noodles, milk, sugar, and much more.

Amigos Del Milenio Group's story

The comunal bank, "Amigos del Milenio" (Friends of the Millenium) has 13 working cycles ( each cycle is 4 months); the comunal bank is maD. up of 10 women and 2 males. The group meets every 30 days at the central offices of the Arariwa Association in the city of Cusco. Most of the group's members live in the various districts of Cusco.

The members are hard-working and entrepreneurial and are searching for opportunities to get ahead and with their daily efforts be able to proviD. a better future to their children. As an example, some of the business activites of the members are: selling vegetables, snacks, ornaments, and groceries. Other members proviD. services such as: internet cafes, accountancy, credit analysts, and an employee at a print shop.

Bertha is a member, she is 53 years old, married and lives with her husband and 3 children in the San Sebastian district. Bertha's primary business activity is selling groceries and she does so from her own store located at her residence. She has been in the business several years with success and can be found at her place of business, Monday-Sunday from 6AM until 9PM. Bertha will be utilizing the loan as working capital for the business and wants to purchase goods such as; rice, noodles, milk, sugar, and much more.

In this group: Bertha, Nayut, Emma Carmelina*, Martha, Emma Lucrecia, Raquel*, Mercedes Rebeca, Sonia Rufina, Wagner Vidal, Rocio Eusebia, Juan Jorge, Lisset

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Translated from Spanish by Kiva volunteer Gustavo Gutierrez

Loan details

Lenders and lending teams

Loan details