El Paraiso Group

“Paradise” Communal Bank is located in downtown Huancavelica.

Adriana has 2 children, she sells basic needs products, a business that has grown thanks to her dedication. With the help of her loans she wants to improve her store and buy more merchandise, which will result in greater earnings and in this way she will be able to save more in order to build her house.

Valentina has 3 children. She began a business selling a variety of products with her husband. Thanks to the loans she has received her business has been improving. With her next loan she will buy more merchandise in the capital city. Today she is saving, because she has plans to build a house.

Julia is a widow and has 1 child. She sells meat and on holidays she sells under garments. She wants to buy animals to sell for their meat and with the earnings buy more clothing items. In this way she will continue growing her business and be able to have a fixed locale for her sales.

Translated from Spanish by Cindy Kendall, Kiva Volunteer

El Banco El Paraíso se encuentra ubicado en el centro de Huancavelica.

Adriana tiene 02 hijos, ella se dedica a la venta de productos de primera necesidad, negocio que fue creciendo gracias a su dedicación. Ella, con la ayuda de sus créditos quiere mejorar su tienda y comprar mas mercadería, lo que le generara mas ganancias y así poder ahorrar más, para la construcción de su casa.

Valentina tiene 03 hijos. Ella inicio un negocio de venta de productos variados con su esposo, gracias a los créditos obtenidos el negocio fue mejorando. Con su próximo préstamo comprara mas mercadería en la capital. Actualmente se encuentra ahorrando, ya que tiene dentro de sus planes, llegar a construir su casa.

Julia es viuda y tiene 01 hijo. Ella se dedica a la venta de carne y los días de feria, vende prendas interiores. Ella quiere comprar animales para la venta de su carne y con las ganancias generadas por estas, comprar mas prendas de vestir, de esta manera seguir haciendo crecer sus negocios y llegar a tener un puesto fijo para sus ventas.



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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