Totorilla Group

The Totorilla Community Bank has 24 members and is beginning its fifth cycle of loans.
For the most part the members work in agriculture, growing vegetables, raising animals, as well as such activities as selling clothes, food, and groceries.
30-year old Judith lives with her partner and has one son. She is a director of the Bank. She grows alfalfa and vegetables and sells them in the market in Ayacucho. Her plan is to one day start a business buying and selling animals.
30-year old Yolanda lives with her partner and has two children. She grows vegetables and sells them in the streets of the market in Ayacucho.
The members of the Bank need various amounts of money, 300, 600, or 900 soles adding up to a total of 14,050 soles. The loans will be used to buy fertilizer, medicines, and to pay workmen.
The members dream of building their own homes, providing their children with a good education, and having a vehicle to transport their products.

Translated from Spanish by Jane Agg, Kiva Volunteer

El Banco Comunal Totorilla, inicia su quinto ciclo con 24 socias.

Las socias realizan principalmente la agricultura de verduras, crianza de animales y entre otras actividades la venta de ropa, comida y abarrotes en general.

Judith es conviviente, tiene 30 años y 1 hijo, pertenece a la junta directiva de su Banco Comunal, Judith se dedica a la agricultura de alfalfa y verduras, sus ventas los realiza en el mercado de abastos de la ciudad de Ayacucho. Judith tiene proyectado comenzar con el negocio de compra y venta de animales.

Yolanda es conviviente, tiene 30 años y 2 hijos, Yolanda siembra verduras, productos que vende ambulatoriamente en el mercado de abastos de la ciudad de Ayacucho.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles haciendo un total de 14,050 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra fertilizantes, remedios, para el pago de los peones.

Los sueños de las socias son construir su casa, brindar una buena educación a sus hijos y tener un carro para transportar sus productos,



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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