A loan of $2,175 helped a member to buy wood and cement for home improvements.

Palccaraqui Ii Group's story

This group is called “Palccaraqui II” and meets every 30 days in the city and district of Urubamba (Cusco, Peru). The Communal Bank is distinguished for having hardworking individuals who are professionals, artisans, and merchants. There are eight members and this is the first time they have requested a loan from Asociación Arariwa. The money will be invested in the improvement of their businesses.

At this meeting, the staff of Asociación Arariwa met with Sra. Lucia. She indicated that she was born in the city of Quillabamba, but now resides in the subdivision of Palcaraqui in the city of Urubamba. Lucia lives with her three children: Brenda – 18, Lenin - 15, and Arnold – 11. From a young age, Lucia has been known for being a responsible and friendly person. Her neighbors encouraged and invited her to participate in the Communal Bank.

Lucia is a nurse and works at a health clinic in the city of Urubamba. She also engages in farming and raising small animals. Lucia is taking this opportunity to request a loan for home maintenance. She plans to buy wood and cement. Lucia is 42 years and has great desire to succeed and do well in her business day after day so that she can always provide the best for her family. Her dream is to see her children become professionals.

In this group: Lucia, Carina, Elizabeth, Bruño, Tito Ruben, Eduardo, Maria Ofelia, Milvia

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Translated from Spanish by Kiva volunteer Ronan Reodica

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