A loan of $1,125 helped to invest in purchasing shoes at wholesale.

Basilio's story

This member belongs to the ”HUCHUY QOSQO” communal bank. The communal bank is located in the Lamay district in the province of Calca and department of Cusco.

The member is Señor Basilio; he is 56 years old and married. He has four children, aged 20, 17, 11 and 5 months. The member works for himself, and also works in farming. He has farmland with corn and vegetable crops. The member has a stand where he buys and sells shoes with his wife. They both work selling shoes for women, men and children.

On this occasion, the member wants to invest the loan in purchasing seasonal shoes, as the Christmas holidays are approaching. They will invest a large amount of capital in purchasing merchandise and stocking up for his customers. The member is requesting the loan to invest in purchasing shoes at wholesale.

The member is grateful for the loan and agrees to comply with making his repayments in accordance with the repayment schedule.

Translated from Spanish by Kiva volunteer Arabella Pollack

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