A loan of $3,850 helped a member to buy more building materials, for example, bags of cement.

Virgen Asunta Group's story

(In the photograph, the group member Francisca is raising her hand.) Señora Francisca, who is 30 years old, was born in the province of Paruro (Cusco) and now lives in the community of Hospitalpampa in the Anta district in Anta province of the department of Cusco. Twenty-two years ago she settled in the community where she now carries out her business activities.

Francisca makes blocks. (A block is a prefabricated unit, made with fine cement or mortar, used in the construction of walls.) She also sells construction materials, such as crushed stone, gravel, and fine sand. She has already been in this business for six years, and it is going very well for her thanks to the effort that she puts into her work. At this time Francisca needs a loan to buy more materials, such as bags of cement. (A bag of cement costs about 23 PEN.) Francisca sometimes buys bags of cement wholesale in the city of Cusco, which is cheaper for her, and at other times she buys a few bags of cement in shops in her district so that she won't be without working materials.

The meetings of the members of the communal bank "Virgen Asunta" are held every month in the community of Hospitalpampa in the home of one of the members. The communal bank is made up of people who are workers and entrepreneurs and who are always looking for opportunities to advance and, with their daily effort, give their children a better future. The majority of the members live in the community of Hospitalpampa, and the businesses of the other members include, for example, food sales, grain sales, cosmetic sales, meat sales, raising small animals, selling vegetables, and selling herbal medicines.

The community of Hospitalpampa is located 45 minutes by car from the city of Cusco. Cusco has been known for many years as the "Archaeological Capital of America."

In this group: Francisca, Silvestre, Marylin, Cinthia, Dagmar Margot, Dora, Mamerto, Yuli, Brigida, Luis, Cirila, Eduardo*, Denisse, Vicentina

Translated from Spanish by Kiva volunteer Pam McMurry

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