Muyurina Group

The Muyurina Village Bank has 15 members and is currently beginning its 17th loan cycle. The group members are from the Muyurina community of Tambillo District and have different businesses. They sell vegetables, basic grocery items and prepared meals; some are farmers.

For example, Julia is 44 years old and married with two children. She has a stand in the recently opened small market, where she sells prepared meals. She also has a farm and travels to different regional markets.

Lidia, another group member, is 42 years old and married with three children. She and her husband grow vegetables, which they sell in the Abastos Market in the city of Ayacucho.

The group members are requesting different loan amounts, like 300, 600 or 900 soles. The village bank is requesting a total of 10,200 soles in loans. Group members will use their loans to buy rice, sugar, pasta, vegetables, seeds and fertilizer and to pay field workers on their farms.

Some of the group members' dreams are to improve their businesses, provide their children with a good education, improve their crop yields and save for the future.

Translated from Spanish by Cynthia McMurry, Kiva Volunteer

El Banco Comunal Muyurina inicia su ciclo 17 con 15 socias, las socias son de la comunidad de Muyurina distrito de Tambillo.

Las socias realizan diferentes negocios como la venta de verduras, abarrotes en general, comidas y agricultura.

Como es el caso de Julia que es casada, tiene 44 años y 2 hijos, Julia tiene un puesto en un nuevo mercadillo de su zona en donde vende comida, También Julia se dedica a la agricultura, además Julia viaja a las diferentes ferias de la región.

Mientras que Lidia es casada, tiene 42 años y 3 hijos, Lidia junto a su esposo se dedican al cultivo de verduras, sus productos los comercializa en los mercados de abasto de la ciudad de Ayacucho.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles haciendo un total de 10,200 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de arroz, azúcar, fideo, verduras, semillas, abono y para el pago de los peones.

Los sueños de las socias son mejorar sus negocios, brindar una buena educación a sus hijos, mejorar la producción de sus tierras y ahorrar lo suficiente para el futuro.



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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