Lucerito De José Galvez Group

“LUCERITO DE JOSÉ GALVEZ”

Two years and ten months ago, the “Lucerito de José Galvez” Microfinance Institute was formed in AA.HH. San Antonio – Chosica. The group members are people who had to be self-employed due to the different hardships that they were facing. The group members sell: clothing as street vendors, picarones (pumpkin fritters covered with syrup), wool knitwear and macramé, handicrafts, live chickens, car rentals.

They are currently in their ninth loan cycle. During this time, their previous loans have helped them implement and improve their businesses.

Such is the case of Gloria Cochachin García, the group president, who has been selling household cleaning products for the past 4 years. She started out with a little bit of capital and purchased detergents and disinfectants. As time passed, her business grew. She now sells a variety of cleaning products. Furthermore, with her profits, she has started to buy and sell motorcycle taxis, giving monthly payments. Her profits are now bigger than before, so she can help place her two youngest children in an academy so that they can enter a university in the future. She will invest this loan in merchandise (detergents, disinfectants, and room deodorizers). These are the products that her customers request the most.

Llacsa Cochachin Cristina, the group secretary, is Gloria’s daughter. Like her mother, she has also been in business—selling school uniforms, T-shirts, pantyhose, underwear—for 4 years. Her job contributes in providing her 4-year-old daughter with a decent living. Cristina will invest in purchasing sandals and T-shirts with this loan.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer

ALCOM: “LUCERITO DE JOSÉ GALVEZ”

Desde hace dos años y diez meses se formó la alcancía comunal “Lucerito de José Galvez” en el AA.HH. San Antonio – Chosica, sus integrantes son personas que tuvieron que trabajar de manera independiente debido a las diferentes circunstancias que atravesaban cada uno de ellos. El grupo se dedica a vender: ropa de manera ambulatoria, picarones (dulce), tejidos en lana y macramé, manualidades, crianza de pollos, alquiler de carro.
Ellos van en su noveno préstamo, durante este tiempo el dinero prestado les ha servido para implementar y mejorar su negocio.
Tal es el caso de Gloria Cochachin García quien es presidenta de este grupo que desde hace cuatro años se dedica a vender productos de limpieza para el hogar, empezó con un pequeño capital lo cual compró en detergentes y desinfectantes; con el tiempo su negocio creció hoy en día vende variedad de productos de limpieza, además con estas ganancias ha hecho una compra-venta de un mototaxi pagándolo en letras mensuales. Ahora tiene mayores ingresos a lo que contaba antes, así ayuda en la preparación a sus dos menores hijos en una academia para que éstos puedan ingresar a la universidad. El préstamo reciente lo invertirá en mercadería (detergentes, desinfectantes y aromatizadores) que son productos de mayor demanda por sus clientes.
Llacsa Cochachin Cristina, tiene el cargo de secretaria del grupo, es hija de Gloria, al igual que su madre trabaja hace cuatro años en la venta de ropa: uniforme de colegios, polos, medias, bivirís. Este trabajo que tiene contribuye en darle una vida apropiada a su niñita de cuatro años. Cristina invertirá en sandalias y polos con el dinero dado reciente.



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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