A loan of $6,325 helped a member to pay course fees for a specialization.

Virgencita Del Carmen - Los Incas Group's story

A group of friends and neighbours formed the Communal bank "Virgencita del Carmen- the Incas" in the city of Cusco, in the district and province of Cusco. This Communal bank is formed of various people who continually search for the opportunities to get ahead, and with their daily effort to give their children a better future. The economic activities of the members are, for example; selling backpacks, selling hardware, selling bread, selling groceries, selling food, and others offer their services as mechanics.

Sayda is a 27 year old member, and is single. She is a technician in a pharmacy but she works for a private company. She has worked there for a few months and she is getting on well. She requires a loan to pay course fees for a specialization. (Sayda is the member who is raising her hand in the photograph).

The members as a group are grateful for the opportunity given to them and promise to meet the payments of their instalments within the time limits.

In this group: Ana Maria, Diana, Sayda, Sixta, Carmen, Yanet Silvia, Ana Patricia, Eberardo, Elezabeth*, Ambar Mile, Yesica, Richard Jesus
*not pictured

Translated from Spanish by Kiva volunteer Alice Kilpatrick

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