Lealtad Group

The community bank Lealtad (Loyalty) is beginning its fourth cycle with 18 associates.

The members have various businesses such as sales of vegetables, meats, crafts, general groceries, root vegetables, clothing, beverages, firewood.

In the case of Ana; she lives with her spouse and has two children. Ana has a stand in the F. Vivanco market where she sells meats. She buys the animals at markets and butchers them. Her son helps her with this.

On the other hand, Susana is married, 30 years old and has 2 children. She is a member of the board of directors of her community bank. Susana and her husband are craftspeople, working with stone in Huamanga. They make sculptures and sell their works in the crafts market in the city. Additionally, Susana sells sweets and firewood out of her home.

The members need differing amounts of credit, such as 300 soles, 600 soles, 900 soles, adding to a total loan of 10,400 soles for the community bank.

Their loan proceeds will be invested in the purchase of stone from Huarnanga, rice, sugar, vegetables, small animals and clothing.

The dreams of the members are to see their children become professionals, grow their businesses, move their children ahead and have other branches of their businesses.

Translated from Spanish by Laura Bobbit, Kiva Volunteer

El Banco Comunal Lealtad, inicia su cuarto ciclo con 18 socias.

Las socias realizan diferentes negocios como la venta de verduras, carne, artesanía, abarrotes en general, tubérculos, ropa, bebidas, leña.

Como es el caso de Ana es conviviente tiene 42 años y 2 hijos, Ana tiene un puesto en el mercado F. Vivanco en donde vende carne, los animales los compra en las ferias y los beneficia en el camal, actividad que realiza con la ayuda de su hijo.

Por otro lado Susana es casada, tiene 30 años y 2 hijos, integrante de la junta directiva de su Banco Comunal, Susana junto a su esposo son artesanos en piedra de Huamanga, realizan tallados, sus artesanías los vende en el mercado artesanal de la ciudad. Además Susana vende golosinas y leña en su casa.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles haciendo un total de 10,400 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de piedra de huamanga, arroz, azucar, verduras, animales menores y ropa.

Los sueños de las socias son que sus hijos sean profesionales, ampliar su negocio, sacar adelante a sus hijos y tener otras sucursales.



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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