A loan of $5,825 helped a member to buy shoes.

Nueva Generacion Iii Group's story

A group of neighbors and friends formed the Nueva Generación III Communal Bank several years ago in the city of Cusco. As such, they are currently in their nineteenth loan cycle. This communal bank is made up of seven women and seven men who are working and enterprising people who are constantly seeking out opportunities to get ahead and, with their daily efforts, to provide their children with a better future. Some examples of the female members' businesses are the following: selling breakfast, selling prepared food, selling iron products, selling shoes, selling food, selling barbecued chicken, and selling sweaters.

Elva is part of the communal bank. She is married and her beautiful relationship has produced two children, who are still her dependents. Elva proudly tells us that she is getting her children ahead with the help of her spouse. Elva is a teacher and she has been practicing her profession for five years, but in her free time she sells shoes. At the moment, Elva needs this loan to buy shoes.

All of the members are thankful for the opportunity offered to them and they promise to make their respective loan payments on time. Cusco is located in the district and province of Cusco in the department of Cusco, right in the heart of the ancient city of the Inca. It is known for being a tourist attraction because of its archeological centers, its historic downtown area, its landscapes, its history, and for being a charming city in the southern region of the country.

(The member shown in the lower part of the photo asked permission to be absent on the day of this meeting.)

In this group: Elva, Rosa Patricia, Olga, Washington Genaro, Mariluz, Carlos, Yhon Davis, Monica, Jorge, Nohemi*, Benji*, Serapio, Leonor, Elias Lucas
*not pictured

Translated from Spanish by Kiva volunteer Alyson Trowbridge

Loan details

Lenders and lending teams

Loan details