Virgen De La Asunción Group

The Virgen de la Asunción Community Bank is located in the Cuenca community, which belongs to the Huancavelica department.

Liduvina is a widow with six children. She sells grains. When she started, she bought them going door to door. Now she has the grains ground and sells them at every fair that she can attend. Little by little, her business is growing, thanks to the loans that she receives. She is saving for her children’s education and to be able to have her own mill where she can grind her grains.

With her first loan, Martha bought soft drinks and drinks. That is her business up until now. In spite of the competition that exists in her field, she has been able to get ahead in her business and generate more earnings. She is saving her earnings to be able to buy a vehicle. That way she can transport her merchandise.

Celsa has five children. She sells grains. She started out buying door to door. Now she has the grains ground and sells from fair to fair. Her business has been increasing since she started with her loans. They have helped her a lot; they have changed the quality of her and her children’s lives. With her savings she is thinking of opening a mini market where she can sell her products.

Translated from Spanish by Ginny Kalish, Kiva Volunteer

El banco Comunal Virgen de la Asunción, se encuentra ubicado en la comunidad de Cuenca, la cual pertenece al departamento de Huancavelica.

Liduvina es viuda y tiene 06 hijos. Ella se dedica a la venta de granos, los cuales en un inicio compraba de casa en casa. Ahora manda a moler los granos, los cuales vende en cada feria que puede asistir. Poco a poco su negocio esta creciendo, gracias a los prestamos que recibe. Ella esta ahorrando para la educación de sus hijos y llegar a tener su propio molino, donde ella pueda moler sus granos.

Martha con el primer préstamo que recibió, compró gaseosas y refrescos, actividad a la cual se dedica hasta ahora. Pese a la competencia que existe en su rubro, ella a podido sacar el negocio adelante, generándole mas ganancias, las cuales se encuentra ahorrando para poder comprar un vehiculo y así poder trasladar su mercadería.

Celsa tiene 05 hijos. Ella se dedica a la venta de granos, los cuales en un inicio compraba de casa en casa. Ahora manda a moler los granos, los cuales vende de feria en feria. Su negocio ha ido incrementándose desde que inició con sus prestamos, los cuales le han ayudado mucho, incluso a cambiar su calidad de vida y la de sus hijos. Con sus ahorros, esta pensando abrir una bodega donde ofrecer 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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