A loan of $3,300 helped a member purchase of animals, seeds, fertilizer, beer, drinks and to pay laborers..


Rumichaka Group's story

The Rumichaca Bank, which means a place with stone in Quechua, is a community bank and began its 4th cycle with 20 members. The members are from the community of Rumichaca, which you can find 15 minutes from the city of Ayacucho.

The members are in different businesses such as food sales, general groceries, selling animals and also agriculture and raising animals that are sold in the markets of the city of Ayacucho.

Such is the case with Norma who is married, 33 years old with 4 children, Norma is dedicated to growing vegetables. Norma needs a loan of 600 soles to be invested in the purchase of seeds.

Furthermore Dionisia is married, 37 years old with 6 children, Dionisia has a small store in her home where she sells drinks, she is also dedicated to growing vegetables and alfalfa. Dionisia needs a loan of 300 soles to buy fertilizers.

While Maria Elena is married, 39 years old with 6 children, Maria Elena is dedicated to planting vegetables that she then sells in the market in the city of Ayacucho. Maria needs a loan of 300 soles that will be invested in the purchase of seeds.

The members need different amounts of loans such as 300,600 and 900 soles, totalling 10,450 soles in loans from the communal bank.

Their loans will be invested in the purchase of animals, seeds, fertilizer, beer, drinks and to pay laborers.

The dreams of the members are to improve the production in their lands, that their children finish their studies, progress more and have their own capital.

In this group: Dionisia Marina, Norma , Maria Elena , Elizabeth Saida , Celestina , Paola , Tania , Clara , Elisa , Faustino, Fredy William , Dionisia , Antonio , Paula , Antonio , Rosa , Abdon Zenon , Vilma , Orfilia , Hermelinda Maura
*not pictured

Translated from Spanish by Kiva volunteer Helen Smith



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