A loan of $4,400 helped a member to buy ingredients.

Sumac Tica Group's story

A group of friends and neighbors formed the “Sumac Tica” communal bank in the Pro Vivienda association in Cotowincho in Urubamba District of Urubamba Province in Cusco Department. This communal bank is formed by people who always seek opportunities to get ahead and by means of their daily efforts provide a better future for their children. Some of the economic activities of the members are: crafts sales, vegetable sales, dry goods sales, cattle raising, beer sales, jora [corn based beverage] sales, food sales, raising small farm animals like chickens; others work cleaning and caretaking.

(Cipriana is raising her hand in the photo). Cipriana was born in the city of Ollantaytambo in Urubamba Province but now lives in the city of Cotowincho. Cipriana’s main economic activity is selling food from place to place. She’s been in this business for several years now and thanks to the effort she puts into it does very well. On this occasion, Cipriana wants to buy ingredients like meat, vegetables, sacks of rice and sugar and other things.

The members in general are grateful for the opportunity provided and commit to make their various installment payments according to the established schedule.

Cusco is located in Cusco District and Province and in Cusco Department in the very heart of the ancient city of the Incas. It’s noted for being a tourist zone because of its archaeological sites, its historic city center, its scenery and its history; it’s an enchanting city in the country’s southern region. Cusco is known as a very tourist oriented, commercial zone because of its traditional Inti Raymi festival and because one of the Seven Wonders of the World, Machupicchu, is located there.

In this group: Cipriana, Daniel, Damiana, Geronima, Gladys, Concepcion, Hilda*, Felipa, Cecilia, Raymunda, Yedilda
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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