Ana Fortunata Alarcon Huaraca's Group

Ana Fortuna, Nieves and Sabina have been members of the community bank “Prosperidad” for 9, 8, and 12 years respectively. All of the women are very happy with their experience in the community bank. They say that the community bank helps them to be self-sufficient. Through the community bank they have learned to save and run their businesses more efficiently as well as finding companionship.
And Fortuna is 42 years old and has three children aged: 14, 9, and 6. She runs a school supply store from her house. She has had this store for the past five years. Before that she rented VHs tapes. When tapes became less popular Ana was able to take out a loan from her bank and start a new business.
Nieves is 53 years old and has four adult children and four who have passed away. She raises animals and sells them at the markets. She has been doing this all of her life.
Sabina is 47 and has three living children who are 28, 25, and 19. Three of her children have passed away. Sabina travels around the region buying grains at various markets and then sells them in Ayacucho. She has been doing this for the past eight years.
Ana Fortuna, Nieves, and Sabina need loans of 200, 300, and 350 dollars respectively. Ana needs to go to Lima to buy supplies and prepare for the upcoming school year. Sabina hopes to expand her business with the loan. Both she and Nieves would buy animals.
They all dream of a better life and a successful business. Ana dreams of sending her oldest child to medical school. Nieves hopes to open a second stand, and Sabina wants to continue expanding her merchandise and make sure that her children receive an education.



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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