Virtud Group

The "Virtud" Communal Bank begins its 18th cycle with 21 members. The members have different businesses, such as selling vegetables, ice cream, handicrafts, food, cheese, fruit and cereals. The members need different loan amounts, such as 200 soles, 400 soles and 1,000 soles, which comes to a total of 8,500 soles in loans from the Communal Bank. Their loans will be invested in the purchase of oil, rice, crafts, meat, vegetables, various fruits and cereals. The members dream of improving their businesses, advancing, saving and watching their children become professionals.

Translated from Spanish by Tara Binetti, Kiva Volunteer

El Banco Comunal virtud inicia su ciclo 18 con 21 socias.

Las socias realizan diferentes negocios como la venta de verduras, helados, artesanías, comida, quesos, frutas, cereales.

Las socias necesitan diferentes montos de prestamos como 200 soles, 400 soles, 1000 soles haciendo un total de 8,500 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de aceite, arroz, artesanía, carne, verduras, frutas variadas, cereales.

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



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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