A loan of $5,850 helped a member to purchase sacks of rice and sugar.

Virgen Asunta Group's story

The communal bank member Hilda is 54 years old. She is married and she now lives in the beautiful province of Urubamba in the department of Cusco. Her principal business is agriculture, since she sells fruits such as pears, quinces, Blanquilla pears, peaches, and bananas. She has already had this business for a number of years, and it is going very well for her. In addition, Hilda also sells basic food products such as rice, sugar, pasta, milk, and other items. She has a little grocery store where she stocks her merchandise. Hilda now needs a loan to buy sacks of rice and sugar. (Hilda is raising her hand in the photograph.)

This group consists of neighbors and friends who formed the communal bank "Virgen Asunta" in the province of Urubamba in the department of Cusco. It consists of people who every moment seek opportunities to advance and with their daily effort to give a better future to their children. The business activities of the members are, for example, selling clothing, raising chickens, and selling groceries, and others offer services of transportation, cell phone calls, and auto maintenance.

The members in general appreciate the opportunity offered them and promise to make their various payments according to the established schedules. (The person who appears in the lower part of the photograph arrived late for the meeting of the communal bank.)

Cusco is located in the district and province of Cusco in the department of Cusco, in the heart of the old city of the Incas. It is characterized by being a tourist zone because of its archaeological centers, its historic center, its landscapes, and its history, and for being an enchanting city in the southern region of the country. Cusco is also known for its traditional festival of Inti Raymi and for one of the seven wonders of the world, Machu Picchu.

In this group: Hilda, Ana, Flavio, Gustavo*, Fanny*, Kati, Rosa, Juan Julio, Rendo, Paulina, Alejandro, Noe
*not pictured

Translated from Spanish by Kiva volunteer Pam McMurry

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Loan details