A loan of $6,100 helped a member purchase ingredients such as chicken, potatoes, salchicha and other items.

Nueva Generacion Iii Group's story

Some years ago, a group of neighbors and friends formed the communal bank "Nueva Generacion III" (New Generation III) in the city of Cusco. They are now in their 21st loan cycle. The communal bank is formed by seven men and seven women who are hardworking and entrepreneurial and who are always looking for opportunities to grow and succeed through their daily efforts to make a better future for their children. The members' business activities include selling breakfasts, selling meals, selling hardware, selling shoes, selling food, selling grilled chicken, and selling jackets.

Olga is a member of the communal bank. She is 56 years old and married, and the fruit of this beautiful marriage is four children. Olga tells us with great pride that she is succeeding with her children with the help of her husband. Olga has a small restaurant where she sells lunches, but in the afternoons she sells salchipapas and pollipapas (sausages and french fries). With this opportunity, Olga is requesting a loan to purchase ingredients such as chicken, potatoes, salchichas and other items.

All of the members are grateful for the opportunity they have received and promise to make their payments on time, in the agreed-upon manner.

(The member who appears in the inset photo requested permission to not be present on the day of the meeting.)

In this group: Elva, Olga, Washington Genaro, Mariluz, Carlos, Yhon Davis, Monica, Jorge, Nohemi, Benji, Serapio, Leonor*, Elias Lucas, Delfin*, Felix*
*not pictured

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Translated from Spanish by Kiva volunteer Olivia Shirley

Loan details

Lenders and lending teams

Loan details