A loan of $5,750 helped a member to buy wholesale merchandise such as sacks of sugar and sacks of rice, as well as alpaca wool and synthetic wool.

Ollantay Ii Group's story

A group of neighbors and friends formed the communal bank “Ollantay II” in the city of Cusco. The communal bank has been operating for several years now, and it is very well organized. This communal bank is made up of twelve people who are always looking for opportunities to get ahead and provide a better future for their children with their daily efforts. The members' economic activities include sales of food, handicrafts, groceries, and cosmetics, while others dedicate themselves to providing urban and rural transportation services.

(Margarita is raising her hand in the photograph.) Margarita was born in the city of Anta, in the province of Anta, department of Cusco. However, she now lives in the enchanting city of Cusco. She is 60 years old and married, and from this relationship she has four children. Margarita's main economic activity is selling basic staple products, such as sugar, noodles, rice and other items. Her complementary economic activity is making sweaters woven from alpaca wool. She has been selling groceries for fifteen years now, and it is going very well for her thanks to the dedication she puts into her work. At this time, Margarita needs the loan to buy merchandise on a wholesale basis, such as sacks of sugar and sacks of rice. With the rest, she will buy alpaca wool and synthetic wool.

All of the members are grateful for the opportunity provided to them, and they are committed to making their various loan payments on schedule.

Cusco is located in the district and province of Cusco, in the department of Cusco, at the very heart of the ancient city of the Incas. Cusco is known as a tourist attraction thanks to its archaeological centers, its historic city center, its landscapes, its history, and its traditional festival of Inti Raymi, and because one of the seven wonders of the world, Machu Picchu, is found here.

(The person who appears in the lower part of the photograph arrived late to the meeting.)

In this group: Margarita, Gregoria, Ofelia, Maria, Juana Nelly, Sofia, Everth, Sayda Silvia, Gladis, Vidal, Oswaldo Eli, Rocio Milagros*
*not pictured

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Translated from Spanish by Kiva volunteer Patricia Linderman

Loan details

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Loan details