Demetria Huayhua De Peña's Group

Gualberta, Clementina and Demetria have belonged to the community bank “Sumaqcha”, which means "very beautiful" in Quechua, for 13, 4, and 13 years respectively. In the bank they have learned to be responsible, punctual, and how to run their business. In addition they have learned how to take care of their children and how to avoid getting sick.

Gualberta is 42; she is married and has four children. Gualberta has a small store in her house where she sells food staples such as flour and sugar. She started this business two months ago. Before that she sold firewood from her doorstep. Thanks to her savings and a loan from her bank she was able to start her new business.

Clementina is married and has six children, three of whom still live with her. She is 55 years old. Clementina travels to the countryside to sell ice cream, fruit, and other food staples. She buys animals and grains from the country, which she sells in the city of Ayacucho. She also sells prepared food from her home.

Demetria is 56 years old. She is married and has seven children. Demetria sells onions from a cart in the Nery Garcia market of Ayacucho. Previously, she grew the onions in a field she owns but had to stop due to poor health.

Gualberta, Clementina and Demetria need loans of 1000, 600, and 300 soles (3 soles = $1), which they will invest in buying rice, oil, corn, wheat, candies, beans, soap, chicken, grains, onion, and guinea pigs, which are considered a delicacy in Peru. The community bank emphasizes the importance of saving and each associate has an interest earning account. Clementina plans to use her savings to pay for medical treatment, while Gualberta and Demetria hope to build a house. Their dreams are to own a home, open a café, that their children will be professionals, that their businesses will continue to grow, and that they will have good health.



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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