A loan of $450 helped a member buy and sell wholesale and retail animals.


Vilcanota Group's story

The name of this communal bank is "VILCANOTA"; This name comes of the Inca times. It is the biggest river that feeds other small rivers in the Cusco valley. This small group was formed on February 13, 2009, and is located in the district of Urcos, in the province of Quispicanchis of the department of Cusco. It is 1.15 hour away from of the city of the Cusco, this area is considered rural zone.

The people in the area live of agriculture and cattle, They combine their domestic activities with these. Many of the partners also are stevedores (they load in their small dump trucks concrete, sand, stones, among others); The partners are extremely grateful by the offered help, therefore they promise to repay the loan on time.

This loan will used by 8 partners and they will invest it to buy sheep, and calves, in order to improve the race and then be able to sell their cattle at a better price. Two of partners will invest the loan in buying accessories for their heavy load dump trucks, this way they will be able to keep on being hired. Other 2 of the partners will invest the loan in buying cooking products like meat, potatoes, salt, lemons, vegetables, among others, since they sell meals at the local market and want to improve their service to attract more clients.

In this group: Raul, Simon, Sabina, Eulogio, Andrea, Olinda, Felix, Biky, Julia, Pedro Erasmo, Julio, Aniceto
*not pictured

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Translated from Spanish by Kiva volunteer Ana Gabriela Clark



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