A loan of $2,525 helped a member purchase cows and seeds, rent a tractor, etc.


Asociación Belen - Compone Group's story

This communal bank is called “ASOCIACIÓN BELEN - COMPONE”. It is located in the district of Anta an hour and 30 minutes from the city of Cusco. This little bank consists of 15 partners--12 women and 3 men. They have belonged to this group of neighbors, friends and parents and have worked in communal banks for about two years.

The majority of the members work raising cattle. They buy and sell cows and bulls, raise barnyard animals, and also tend crops in various seasons. Now they have finished producing corn and are preparing to sow their fields with potatoes, vegetables, and barley.

The partners will invest their capital in the following manner: some will purchase cows and sell their derivatives in Cusco on Sundays; two of the male partners, who are drivers, will purchase replacement parts and new tires for their cars; other members will rent a tractor and buy seeds; another member will buy school supplies for her children; another member will buy windows for her house; and another member will buy fermenting supplies to make maize chicha and sell it from her home.

The photo is missing one of the partners, Catalino C., who has a pass from the bank as he is in the hospital.

The bank partners appreciate and value this loan for their working capital, and promise to pay the loan total by the established dates.

In this group: Maria Carmela, Julia, Juana, Antonia Fulgencia, Lucila, Catalina, Tania Nelida , Yolanda, Josefina, Jesusa, Itala, Amanda, Reynaldo , Vicente, Catalino

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Translated from Spanish by Kiva volunteer Trisha Bury



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