Margarita Chumbile Torres's Group

Margarita, Sara, and Maria Elena have been partners in the communal bank “Paloma” for two, three, and eight years respectively. Margarita and Maria Elena are single, while Sara lives with her partner and has three children. At first, Margarita ran a bar, but after observing that her neighbors requested other products, she decided to turn her business into a grocery store. On the other hand, Sara sells all-natural Omnilife products and also has a hardware store in the city of Lima, which is run by her husband. Maria Elena sells fruit, an activity that she has performed for ten years in the Nery García Zarate market in Ayacucho. Their loans are for 400 soles, 2000 soles, and 400 soles respectively, which will be invested in the purchase of rice, sugar, eggs, milk, plantains, mangos, grapes, apples, and Omnilife products. They will use their savings to purchase display cases, tools, and to handle any family emergency that may arise. Margarita, Sara, and Maria Elena say that in the communal bank, they practice values such as team spirit and punctuality, and the colleagues are very united and support each other whenever one has a problem. Margarita’s, Sara’s, and Maria Elena’s dreams are to have a mini-market, a hardware store, a restaurant in the countryside, and a shop of her own.

Translated from Spanish by Shannon Skoglund, Kiva volunteer.

Margarita, Sara y Maria Elena son socias del Banco Comunal Paloma desde hace 2, 3 y 8 años respectivamente. Margarita y Maria Elena son solteras, mientras que Sara es conviviente y tiene 3 hijos.
En un inicio, Margarita tenía un bar, pero al observar que sus vecinos pedían otros productos decidió implementar su negocio en una bodega. Por otro lado Sara vende productos Omnilife, que son productos naturales y además tiene una ferretería en la ciudad de Lima, el cual es administrado por su esposo. Mientras que el negocio de Maria Elena es la venta de frutas, actividad que realiza desde hace 10 años en el mercado Nery García Zarate en Ayacucho.
Sus préstamos son de 400 soles, 2000 soles y 400 soles respectivamente, los cuales serán invertidos en la compra de arroz, azúcar, huevo, leche, plátano, mango, uva, manzana y productos Omnilife.
Sus ahorros los utilizarán para comprar vitrinas, artefactos y para alguna emergencia que se pueda presentar en la familia.
Margarita, Sara y Maria Elena dicen que en su Banco Comunal se práctica los valores como la solidaridad, la puntualidad y las socias son muy unidas y se apoyan cuando alguien tiene algún problema.
Los sueños de Margarita, Sara y Maria Elena son tener un minimarket, una ferretería, un restaurante campestre y un local propio.


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

Subscribe