Kausachun Group

The Community Bank "Kausachun" which means "Que Viva" [To Live] in quechua, is a bank that is beginning its 41st cycle with 27 members. The members work in different businesses, such as selling cereals, groceries in general, food, fruit, making bricks, firewood, cheeses, and hardware stores. The members all have different stories. In Maria's case, she is married, is 44 years old and has 5 children. Marina has a store in her house where she sells groceries and hardware items. She also travels to the Ayacuchana jungle where she sells primarily the same products. Marina needs a loan of 1050 soles, which she will invest in buying nails of different sizes. On the other hand, Herlinda has a live-in partner, is 24 years old, and has 2 children. Herlinda lives in the community "Compañía" where she has a store and sells vegetables, groceries, and meats. Herlinda needs a loan of 1050 soles, which she will invest in buying rice, sugar, and noodles. While Herlinda has a live-in partner, is 36 years old, has 3 children, and has a grocery store in her home, she needs a loan of 900 soles, which she will invest in buying sodas and rice.

The members all need loans of different amounts. Some loans are for 300 soles, 450 soles, 750 soles or 1050 soles, totaling to 14,250 soles of loans for the community bank. The loans will be used to purchase sugar, rice, noodles, meat, vegetables, wheat, barley, firewood, milk, nails, and medicine. The dreams of the members are that their children will get a good education, expand their businesses, save a lot of money, and have their own home.

Translated from Spanish by Anne Rodriguez, Kiva Volunteer

El Banco Comunal Kausachun que significa “Que Viva” en quechua, es un Banco que inicia su 41 ciclo con 27 socias.
Las socias realizan diferentes negocios como la venta cereales, abarrotes en general, comida, frutas, fabricación de ladrillos, leña, quesos, ferretería.
Las socias tienen diferentes historias es el caso de Maria que es casada, tiene 44 años y 5 hijos, Marina tiene una tienda en su casa en donde vende abarrotes y artículos de ferretería, también viaja a la selva ayacuchana en donde vende por mayor los mismos productos, Marina necesita un préstamo de 1050 soles dinero que invertirá en la compra de clavos de diferentes tamaños.
Por otro lado Herlinda es conviviente, tiene 24 años y 2 hijos, Herlinda vive en la comunidad de Compañía en donde tiene una tienda, vende verduras, abarrotes, carnes. Herlinda necesita un préstamo de 1050 soles dinero que será invertido en la compra de arroz, azúcar, fideo.
Mientras que Herlinda es conviviente, tiene 36 años y 3 hijos, Herlinda tiene una tienda de abarrotes en su casa, Herlinda necesita un préstamo de 900 soles dinero que será invertido en la compra de gaseosas, arroz.
Las socias necesitan diferentes montos de préstamos, algunos montos son de 300 soles, 450 soles, 750 soles y 1050 soles, haciendo un total de 14,250 soles de préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra de azúcar, arroz, fideo, carne, verduras, trigo, cebada, leña, leche, clavos, medicina.
Los sueños de las socias son que sus hijos tengan una buena educación, incrementar sus negocios, ahorrar mucho y tener casa propia.



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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