Pacaycasa Group

The members have different businesses such as the sale of sweets, groceries, fruits, cereals, purchase and sale of cochinilla (an insect used to make natural pigments), tara (a Peruvian native plant used to make leather tanning powder), tuna (the fruit of a cactus plant), brick manufacturing, sale of food, raising animals and agriculture.

Each member has a different story as is the case of Otilia, who is a longstanding member of her communal bank and sells sweets at the school's gate and prepared food on Sundays. Justina, on the other hand, has a small grocery store. She started by selling sweets on the streets and little by little started setting up her store.

The members need different loan amounts. Some are for 300 soles, 600 soles, 900 soles for a total amount of 11,700 soles in loans for the communal bank. The loans will be used to purchase noodles, rice, cooking oil, milk, eggs, potatoes, tuna, tara, cochinilla, apples, oranges, bananas, cookies, candy, chocolates, sand and to pay the laborers.

The savings would be used to buy homes, grow their business capital and for their children's education. The dreams of the members are that their children become professionals, that the member's daughter that is ill gets better, to expand their businesses and to be able to purchase a car.

Translated from Spanish by Libertad Leal, Kiva volunteer.

El Banco Comunal Pacaycasa es un banco que se inició hace 7 años aproximadamente. Actualmente tiene 15 ciclos y 21 socias. Las socias del Banco Comunal son del distrito de Pacaycasa, que queda a 30 minutos de la ciudad de Ayacucho. Las socias mencionan que en el Banco Comunal aprendieron a ser responsables, puntuales, y a ahorrar.

Las socias realizan diferentes negocios como la venta de golosinas, abarrotes, frutas, cereales, compra y venta de cochinilla, tara, tuna, fabricación de ladrillos artesanales, venta de comida, crianza de animales menores y la agricultura.

Cada socia tiene una historia diferente como es el caso de Otilia que está muchos años en su Banco Comunal, Otilia vende golosinas en la puerta del colegio y además vende comida los días domingos. Por otro lado Justina tiene una tienda de abarrotes, al inicio vendía golosinas de manera ambulatoria y poco a poco fue implementando su tienda.

Las socias necesitan diferentes montos de préstamos, algunos montos son de 300 soles, 600 soles, 900 soles, haciendo un total de 11,700 soles de préstamos en el Banco Comunal. Los préstamos lo invertirán en la compra de fideo, arroz, aceite, leche, huevo, papa, tuna, tara, cochinilla, manzana, naranja, plátano, galletas, caramelos, chocolates, arena y para el pago de los peones.

Los ahorros los utilizarán para comprar su casa, incrementar el capital de sus negocios y los estudios de sus hijos. Los sueños de las socias son que sus hijos sean profesionales, la curación de su hija, tener un negocio más grande y comprar su carro.


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