Sabiduría Group

The members have different businesses such as selling fish, fruits, handicrafts, vegetables, groceries, cosmetics by catalog, spare parts and clothing. They sell in different markets in the city of Ayacucho, in their homes and some sell by traveling from place to place.

The members need loans of different amounts. Some loans are for 300 soles or 600 soles but make up a grand total of 12,600 soles in loans from the communal bank.

The loans will be used to purchase tomatoes, carrots, onions, sugar, rice, pasta, cooking oil, perfumes, paint, fish, spare parts, sweaters and coats.

The dreams of the members are to grow their businesses, have their own home, buy nice things and that their children become professionals.

Translated from Spanish by Hugh Yarbrough, Kiva Volunteer.

El Banco Comunal Sabiduría II es un banco que recién inicia con 27 socias, algunas de las socias fueron invitadas por socias de otros Bancos Comunales, otras fueron invitadas por las promotora.

Las socias realizan diferentes negocios como la venta pescado, frutas, artesanía, verduras, abarrotes, cosméticos por catalogo, repuestos y ropa.

Sus ventas los realizan en diferentes mercados de la ciudad de Ayacucho, en sus casas y algunas de manera ambulatoria,

Las socias necesitan diferentes montos de préstamos, algunos montos son de 300 soles, 600 soles, haciendo un total de 12,600 soles de préstamos en el Banco Comunal.

Los préstamos lo invertirán en la compra de tomate, zanahoria, cebolla, azúcar, arroz, fideo, aceite, perfumes, pinturas, pescados, repuestos, chompas y casacas.

Los sueños de las socias son ampliar sus negocios, tener casa propia, comprar sus artefactos y sus hijos sean profesionales.


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