A loan of $2,100 helped a member buy work materials such as, for example, wood, cloth, sponge, wood glue and nails for upholstering furniture.

Flor De Retama De Rumira Group's story

The “Flor de Retama de Rumira” communal bank is a new one, pertaining to the “Asociacion Arariwa”. It is composed of 8 women and 2 men. The bank meets every 30 days and all the members have to be present at scheduled meetings. The majority of members are neighbors and friends who live in the community of Rumira, Ollantaytambo district, Urubamba province, Cusco department.

The members are workers and entrepreneurs who seek opportunities at every moment to get ahead and through their daily efforts, to provide a better future for their children. The economic activities some of the members are involved in include, for example; selling vegetables, fruit, or groceries, raising small animals, selling corn, or selling their artisan crafts. Other members make dresses or work as security guards.

In the photo, member Kenia may be seen raising her hand. She is 22 years old and was born in Ollantaytambo province, and resides in the community of Rumira. She lives with her husband and has just 1 son, aged 1 year and 2 months. Kenia's principal economic activity is upholstering furniture, including chairs, sofas, and other items. She has a small shop in her home where she makes her products.

On this occasion, Kenia needs a loan to buy more work materials; for example, wood, cloth, sponge, wood glue, and nails. Kenia's dream is to expand her tapestry business in the city of Cusco.

(The member who appears in the lower part of the photo was excused on the day of the meeting.)

In this group: Kenia, Carla Noris, Jasinta, Manuela, Hugo Porfirio, Antonia, Rosa, Justa*, Inociencia*, Dino
*not pictured

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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