A loan of $5,725 helped a member to buy hardware.

Banco Del Desarrollo Group's story

A group of friends and neighbors from the city of Cusco formed the “Banco de Desarrollo” (Development Bank) communal bank. It consists of people who are always seeking ways to get ahead and with their daily effort provide a better future for their children. The members carry out a variety of economic activities like clothing sales, food sales, office supplies sales. Some of the members work providing tourism services and computer services and others work in hospitals, dental clinics and other private and public entities.

Carmen, 32, was born in Cusco and she has a beautiful son. She works managing a pastry shop and does very well. She also has her own business, a hardware store. She’s had it for seven years now and does excellently well thanks to the effort she puts into her work. On this occasion, Carmen wants to buy merchandise like nails, paint and other things needed in the store.

The members in general are grateful for the opportunity being provided and commit to make their payments as scheduled.

Cusco is located in Cusco District, Province and Department in the very heart of the ancient city of the Incas and it’s noted for being a tourist destination because of its archaeological sites, its historic city center, its scenery and its history. It’s an enchanting city in the southern part of the country. Cusco is commercial, known as a tourism center and for its traditional Inti Raymi festival and because one of the Seven Wonders of the World, Machu-Picchu, is located here.

In this group: Carmen Rosa, Eva, Edwin, Ruth Meri, Edward, Miriam Laura, Leonor, Nanci Victoria, Luisa, Andrea, Antuanett, Jacqueline Patricia, Nathaly*
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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