Niño Emanuel Group

The Niño Emanuel (“Emmanuel Child”) Village Bank is located in the Ccachuaram community of Ascensión District, in the Huancavelica Department of central Peru. This community is located two kilometers from the city.

Ernestina Carrasco lives with her common-law husband and their five children. Her husband is a baker, and she helps him distribute bread to different stores in the morning, then she sells bread at the door of the bakery. She needs this loan to buy fruitcake for the Christmas season. Her dream is for her children to graduate with professional degrees and to be able to pay for a course so that her husband can learn to bake new products to be more competitive in the market.

Teodora Alfonso is divorced. She has been selling prepared meals at local markets ever since her husband left her. Teodora is in delicate health. She would like to buy more utensils for the meals that she sells to help expand her business. She wants her children to go to school and to graduate with professional degrees.

Antonia Requena is married and sells sweets near the entrance of a school in the Ascensión District. She got the idea for this business years ago, but her husband’s income wasn’t enough to start. With loans, she has been able to offer more products, and with the income she earns she helps pay for household expenses and the cost of schooling her children. Antonia is saving to pay for college for her son, who is finishing high school this year.

Translated from Spanish by Cynthia McMurry, Kiva fellow

El Bancomunal Niño Emanuel, ubicado en la comunidad de Ccachuaram en el distrito de Ascensión en la provincia y departamento de Huancavelica. Esta comunidad se encuentra a 2 kilometros de la ciudad.

Ernestina Carrasco, es conviviente, tiene 5 hijos, su esposo es panadero y le ayuda a repartir en las mañanas pan a todas las tiendas, después ella misma se pone a vender en la puerta de la panadería. Necesita su préstamo para invertir en la preparación de panteones por campaña navideña. Su sueño es que sus hijos sean profesionales y poder pagar un curso para que su esposo pueda variar en la preparación de productos y poder competir en el mercado.

Teodora Alfonso, es divorciada, desde que su esposo la abandonó se dedica a la venta de comida en ferias los sábados y domingos. Teodora se encuentra delicada de salud, le gustaría comprar mas utensilios para la venta de su comida y así incrementar su negocio, pues desea que su hijo estudie y sea profesional.

Antonia Requena, es casada, se dedica a la venta de golosinas en la puerta de una escuela del distrito de Ascensión. Hace años tenia esa idea pero no le alcanzaba con los ingresos de su esposo, con sus prestamos incrementa mercadería y con las ganancias aporta en su casa y ayuda con los gastos de la escuela. Antonia esta ahorrando para la inscripción de la Universidad de su hijo que este año termina el colegio.




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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