A loan of $4,350 helped a member to buy bags of sugar, bags of rice and milk boxes.

Reyna Del Carmen Group's story

A group of neighbors and friends have formed the “Reyna del Carmen” Communal Bank in the town of Cusco. This Communal Bank has been working for a few years already, and it is well organized. This Communal Bank is composed of ten people who are constantly looking for chances to get ahead, and to offer a better future to their children thanks to their daily efforts. Some of the economic activities of the members are: food sale, cooking gas sale, shoes sale and handicrafts, while others engages in providing services of different kind.

Livia (who is the one with her hand raised in the picture) was born in Puno, a town of the Puno department, but she live in the lovely city of Cusco. She is 27 years old, she lives in a common-law marriage and she has two children. Her main economic activity is selling basic necessities such as rice and sugar among other things. In this occasion Livia is asking for a loan to buy products at wholesale price, being it cheaper for her to do so. She will buy bags of sugar, bags of rice, milk boxes and other products she needs in her shop. Livia’s goal is to run her own shop and that her children can become professionals.

All the members arte grateful for the chance they have been offered, and they commit to complying with the repayment of their dues according to the set schedule.

Cusco is located in the district and province of Cusco, in the heart of the ancient Incan town. Cusco is a tourist area, renowned for its archeological sites, its historical center, its landscapes, its history, for Inti Raymi, a traditional celebration, and because here on can visit “Machupicchu”, one of the seven wonders of the world.

(One member appears in the lower part of the picture because he arrived late at the meeting).
Un grupo de vecinos y amigos formaron el banco comunal “Reyna del Carmen

In this group: Livia, Cristina, Nelida, Dora, Olga Livia, Carlos*, Clark Esteban, Justina, Arnold Jhoe, Nely
*not pictured

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Translated from Spanish by Kiva volunteer Emanuela Villa

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