A loan of $1,950 helped a member to buy wool and crafts.

Señor De Puquin Group's story

The “Señor de Puquin” (Lord of Puquin) communal bank has been in operation for 9 cycles (each cycle lasts four months); they’ve been together as a group for three years, then.

The communal bank is composed of humble, cooperative people. The bank meetings take place every thirty days at Cusco’s Asociación Arariwa’s central offices. Most of the members live in different districts of the city of Cusco. Cusco is one of our country’s most visited cities. Cusco has infinity of tourist attractions nearby that have enchanted the entire world. One of the main ones is Sacsayhuamán that has 300 meter long walls made from stones that can be up to 5 meters tall and weigh 350 tons.

The members are people who are proud to live in Cusco and they take advantage of the opportunities to get ahead and to provide a better future for their children through their own efforts. The economic activities which some of the members are involved in are: jora (corn based typical beverage) sales, food sales, crafts sales, clothing and food sales; some are service providers.

Georgina was born in Cusco; she’s 40 years old. She lives with her spouse and two children in Cusco. Her main economic activity is crafts sales. She weaves such items as sweaters, blankets and other things. Sometimes if her orders are very big she buys blankets. On this occasion, Georgina needs the loan, as do her fellow members, to increase business capital; she wants to buy wool and crafts.

(The missing members of the photo requested permission to be absent from the meeting.)

In this group: Georgina, Alejandro, Julia, Gregoria Graciela*, Ines, Basilio, Olga, Santa Virginia*, Justina, Whashington Albert
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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