Señor De Ricra Group

The communal bank Señor de Ricra is part of the Wari project. The bank is beginning its 6th cycle with 18 members. The members come from the Vinchos district of Huamanga Province, in the Ayacucho Departament. Their principal activities are agriculture and livestock.

The members have different businesses, such as selling grains, groceries, small animals, fish, and food.

Such is the case of Maria Nieves, who is married with 4 children. Maria has a restaurant in her house, where she works every day. She also has a grain mill, where she mills grain for customers.

On the other hand, Gregoria lives with her significant other, and buys/sells small animals. She buys the animals in different communities and sells them at regional markets.

The members need different loan amounts - such as 300, 400, 800, and 1000 soles - combining for a grand totatl of 13,000 soles. Their loans will be invested in the purchase of cheese, vegetables, rice, sugar, potatoes, and soft drinks. The members' dream are to increase and improve their businesses, and that their children become professionals.

Translated from Spanish by Scott Lucas, Kiva Volunteer

El Banco Comunal Señor de Ricra es parte del proyecto Wari, El Banco Comunal inicia su Sexto ciclo con 18 socias. Las socias son del distrito de Vinchos, Provincia de Huamanga, Departamento de Ayacucho. Las actividades principales son la agricultura y ganadería.

Las socias realizan diferentes negocios como la venta de cereales, abarrotes en general, animales menores, pescado y comida

Como es el caso de Maria Nieves que es casada, tiene 4 hijos, Maria tiene un restaurante en su casa, actividad que realiza todos los días, además Maria tiene un molino de granos en donde brinda servicio de molienda.

Mientras que Gregoria es conviviente, se dedica a la compra y venta de animales menores, los animales los compra en las diferentes comunidades y lo comercializa en las ferias de la región.

Las socias necesitan diferentes montos de prestamos como 300 soles, 400 soles, 800 soles, 1000 soles, haciendo un total de 13,800 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de queso, verduras, arroz, azúcar, papa, gaseosas.

Los sueños de las socias son que sus hijos sean profesionales, ampliar y mejorar sus negocios.



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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