Trinidad Group

The communal bank "Trinidad" is beginning its first loan cycle with 22 members.

The members are involved in different businesses, like selling food, vegetables, gelatin, natural medicine, cosmetics, general groceries, condiments, clothing, and fruit. They also provide tailoring, cosmetology, and transportation services.

These members need loans in differing amounts like 300 or 600 soles, for a total loan of 9,300 soles for the communal bank.

Their loans will be invested in buying natural medicine, rice, pepper, sugar, beans, fruit, and vegetables.

The dreams of the members are to improve their businesses, have their own homes, and give a good education to their children.

Translated from Spanish by Rebecca Iverson, Kiva Volunteer

El Banco Comunal Trinidad inicia su primer ciclo con 22 socias.

Las socias realizan diferentes negocios como la venta de comidas, verduras, gelatina, medicina natural, cosméticos, abarrotes en general, condimentos, ropa, frutas, también brindar servicios de sastrería, cosmetología y transporte.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, haciendo un total de 9,300 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de medicina natural, arroz, ají, azúcar, fideo, frutas y verduras.

Los sueños de las socias mejorar sus negocios, tener casa propia y brindar una buena educación a sus hijos.



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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