Yolanda Arones Auccapuclla's Group

Luz is 38 years old, she is married and has two children. Luz sells food staples such as flour, rice and oil from her mother's house. When she started with the community bank she only sold a few products, but now her store is well stocked.

Yolanda is also married and has five children. She is 38 years old. Yolanda has been selling vegetables from a stand, which she owns, since she was very young. Furthermore, Yolanda and her husband have a motorcycle taxi that brings in additional income. Previously, Yolanda sold food staples from her mother’s house and is now thinking of re-opening this business.

Herminia is 54 years old. She is a widow and has ten children. Herminia sells typical breads such as chapla, which is similar to pita bread. She sells her bread near the bus station in Ayacucho. Sometimes Herminia rents an oven and makes her bread. Other times she buys bread to re-sell later.

Luz, Yolanda and Herminia need loans of 1200, 1000, and 600 soles (3 soles = $1), which they will invest in buying rice, sugar, beans, milk, bear, soft drinks, spinach, parsley, cilantro, flour, butter, and anis.

As part of the community bank they have learned to be responsible, punctual, to have high self-esteem, and to save. Luz, Yolanda, and Herminia will use their savings to put a roof on their house and pay for anything unexpected. Their dreams are to continue developing their business, open a grocery store in their house, buy a car, and give a good education to their children.



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