Puca Puca Group

The members of the Puca Puca (Red Red) Community Bank are from the Puca Puca neighborhood. The bank started its first loan with 13 members, many of whom were invited by the founder to make up this new community bank. The members have different businesses, such as selling food, fruits, firewood, general groceries, snacks, cloths, grains and crafts. The members need different loan amounts, 300 soles, 450 soles for instance, making a total of 4,800 soles in loans for the community bank. The loans will be invested in the purchase of clothing, apples, bananas, rice, sugar, noodles and firewood. The members' dreams are to expand their businesses, have their own homes and provide their children with a good education.

Translated from Spanish by Marty Greenstein, Kiva Volunteer

El Banco Comunal Puca Puca que significa Rojo Rojo, las socias son del barrio de Puca Puca, el Banco inicia su primer ciclo con 13 socias, muchas de las socias fueron invitadas por la promotora para integrar este nuevo banco Comunal..

Las socias realizan diferentes negocios como la venta de comida, frutas, leña, abarrotes en general, golosinas, ropa, cereales, artesanía.

Las socias necesitan diferentes montos de prestamos como 300 soles, 450 soles, haciendo un total de 4,800 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de ropa, manzana, plátano, arroz, azúcar, fideo y leña.

Los sueños de las socias son ampliar su negocio, tener casa propia y brindar una buena educación a sus hijos.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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