Funded

Total loan: $5,700
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Kutimuy Group

Peru
Cusco, Peru / Grocery Store

A loan of $5,700 helped a member to buy merchandise including sacks of rice and sugar, noodles, beer and soft drinks.


Kutimuy Group's story

The members of the "Kutimuy" communal bank meet every thirty days in the offices of the microfinance arm of the Asociación Arariwa in the city of Cusco. The communal bank is now in its 21st loan cycle and is made up of several hard working and entrepreneurial people. They seek opportunities in every moment to get ahead and with their daily efforts offer a better future to their children.

The economic activities of some of the members include the sale of chocolates, food, construction material, production of artisan crafts and other members offer services including tour guides, transportation, administrative employment and nursing.

Carmen continues with her grocery store where she sells several types of foods. She has had this business for several years and it is going very well for her thanks to the perseverance that she puts into her work. She needs a loan to increase her working capital and wishes to buy merchandise including sacks of rice and sugar, noodles, beer and soft drinks.

The members value and are thankful for the loan provided through these means and are committed to making their loan installments on time. The member that is in the bottom part of the photo arrived late to the meeting.

In this group: Maria Edith, Mariano, Antonieta, Martha, Francisco*, Natalia M*, Maria Josefa, Paulo, Carmen Consuelo, Jacqueline Paola, Maria Belen
*not pictured

Translated from Spanish by Kiva volunteer Gina Cappuccitti



Loan details

Loan length:

6 months
Disbursed date: January 15, 2013
Facilitated by Field Partner: Asociación Arariwa

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: January 15, 2013
Facilitated by Field Partner: Asociación Arariwa