A loan of $3,125 helped a member to equip her restaurant and buy chairs, tables, and utensils.

Riqchary Huarmimasicuna Group's story

It all started one night when I spoke with a loan analyst, Ferdinan, in order for us to visit the Riqchary Huarmimasicuna Communal Bank. Our destination was the town of Kiteni, Echarate district, La Convención province, Cusco department in Perú. The town of Kiteni is eight hours from the city of Quillabama.

The Riqchary Huarmimasicuna Communal Bank has been operational for five years. It is comprised of hard-working and enterprising people who, at every moment, are seeking opportunities to get ahead. Through their daily efforts they are looking to give their children a better future. The majority of the inhabitants devote themselves to commerce, livestock, and farming. The communal bank meets once a month in the town of Kiteni. This is where we met a member, Ruth Mery.

Ruth Mery tell us, “I was born in the city of Kiteni. I am 23 years old. I do not yet have children, but I will soon be a mother. I live in the city where I was born and where my primary business activity is selling food.” Ruth Mery has a small restaurant where she sells breakfast, lunch, and dinner. At the moment the business is incapacitated because they are refurbishing the place.

She has been in the business for one year, and it is going very well for her thanks to the effort she puts into her work. At this time Ruth Mery is working in a laundry washing clothes from seven in the morning until midday on Mondays through Fridays.

Her father invited her to participate in the communal bank. Her first loan was for 800 soles, and she used it to buy supplies. This time she needs the loan to equip her restaurant, and she wants to buy chairs, tables, and utensils.

In this group: Ruth Mery, Jorge, Felipe, Antoquia, Vicente*, Jhonn, Elias, Eugenia Honorata, Neftali, Jose Antonio, Carmen Rosa
*not pictured

Translated from Spanish by Kiva volunteer Ginny Kalish

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