Juntas Progresaremos Group

The Peruvian district of Yauli is one of 19 districts in Huancavelica Province, in the department of the same name. The village of Yauli was created because of the nearby construction of the Huancayo Railroad, in Huancavelica. Yauli sits at 3,385 meters above sea level. The Juntas Progresaremos (Together We Will Progress) Communal Bank is made up of 12 women who are requesting a loan of 6,700 nuevo soles to implement their respective businesses.

Leonarda Olarte sells potatoes and cheese and also hand-knits gloves, socks and ties. Leonarda is a widow and the mother of four children. She is requesting a loan of 1000 nuevos soles to buy high-quality wool and to expand her business so that she can sell more. She dreams of owning her own home and of starting a small textile company.

Maximiliana Cartolin is married and has six children. She sells dry goods, soda, clothing and shoes. She is requesting a loan of 300 soles to invest in her business. Maximiliana wants her children to go to school so that they learn to read, something she never learned to do.

Benigna Soto is married with five school-age children. Benigna knits all sorts of things to sell. She is requesting a loan of 1000 soles to open a small store in her house.

Translated from Spanish by Cynthia McMurry, Kiva Volunteer

El distrito peruano de Yauli es uno de los 19 distritos de la Provincia de Huancavelica, en el Departamento de Huancavelica, en Perú.
La creación del pueblo de Yauli, obedece sobre todo a la construcción del ferrocarril Huancayo – Huancavelica. Yauli está localizada a 3.385 msnm. El Bancomunal Juntas Progresaremos tiene 12 socias que solicitan un préstamo de 6,700 nuevos soles para implementar sus negocios.

Leonarda Olarte, se dedica a la venta de papa, queso, también realiza manualidades de tejido como guantes, medias y chalinas. Leonarda es viuda y tiene 4 hijos a su cargo, ella solicita un préstamo de 1000 nuevos soles que invertirá en la compra de lana de calidad, para incrementar su negocio y así aumentar sus ventas. Su sueño es tener su casa propia y tener su pequeña empresa textil.

Maximiliana Cartolin, es casada y tiene 6 hijos. Su negocio es la venta de abarrotes, gaseosas, ropa, zapatos. Maximiliana solicita un préstamo de 300 soles para invertir en su negocio, Maximiliana desea que sus hijos tengan estudios y no sean analfabetos como ella.

Benigna Soto, es casada y tiene 5 hijos todos en edad escolar. Benigna realiza toda clase de tejidos que vende después, ella desea un préstamo de 1000 soles para invertir en una pequeña tiendecita que quiere poner en su casa.


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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