A loan of $5,200 helped a member to buy a circular machine saw.

Qorichuspa Group's story

A group of neighbors and friends formed the communal bank "Qorichuspa" in the pro-housing association Habitad Hillary from the district and province of Urubamba of the department of Cusco. This communal bank is made up of people that look for opportunities to get ahead at each moment and give a better future to their children with their daily effort. The members' economic activities, for example, are: selling traditional crafts, food, clothing, dry grains, and wood, and others work as teachers, master builders, and public workers.

(Ruth is raising her hand in the photograph.) The member Ruth was born in the city of Lima but has lived in the city of Urubamba for seven years. She is 45 years old and has a common law marriage from which she has three children (Estefany, 22 years of age who studies at a national university; Antony, 18 years of age who studies at a private university; and Leo, 14 years years of age who is in high school). Ruth's main economic activity is selling cylinders of gas and she has a small shop in her home. She has already been making a living doing this business for seven years and things are going very well for her thanks to the determination that she puts into it. The member Ruth also makes a living making food for patron saint's day parties. Her husband is a building worker and as such makes a living building houses. At this time Ruth needs the loan to buy a circular machine saw to cut wood which will allow her husband to speed up his work.

On the whole the members are thankful for the opportunity given to them and commit themselves to fulfilling the payments of their different installments according to the established terms. (The members that appear in the lower part of the photograph asked for permission from the communal bank's directive committee to not be present at the meeting.)

Cusco is located in the district and province of Cusco of the department of Cusco in the heart of the ancient city of the Incas. It is characterized for being a touristy area due to its archaeological and historic centers, landscapes, and history, and because it's a charming city in the southern region of the country. Cusco is known for being a very touristy area, for its traditional celebration Inti Raymi, and because one of the seven wonders of the world "Machu Picchu" is located nearby.

In this group: Ruth Lidia, Orlando, Hipolita, Marina, Mabel Edith, Elizabeth, Daniel, Margarita, Hilda Leonor, Elio, Victoria, Jesus

Translated from Spanish by Kiva volunteer Shannon Birk

Loan details

Lenders and lending teams

Loan details