Nazareno Group

The Nazareno Village Bank is currently beginning its fourth loan cycle with 21 members. The group members are involved in a variety of different business. They sell natural remedies, cosmetics, school and office supplies, clothing, food, general dry goods (rice, sugar, etc.), fruits, small animals, and textiles. Diana is 20-year-old single woman who lives with her parents. Diana studies computer science and occasionally works at a local institution. Diana has a stand in the F. Vivanco Market, where she sells fruit with the help of her sister. Diana needs a loan of 300 soles to buy more fruit for her stand. Ana is 28 years old and lives with her partner and their son. Ana travels to different regional markets, where she sells dry goods (like rice and sugar) and buys cheese and alpaca wool. Ana needs a loan of 600 soles to buy rice and sugar. Celia is 26 years old, single, and lives alone. She studies accounting and also works at a local institution. Celia sells clothing and shoes on credit by special order. Celia needs a loan of 600 soles to buy suits and shoes. Members of the Nazareno Group are requesting different loan amounts, like 300, 600, 900 or 1,000 Peruvian soles. The group is requesting a total of 12,150 soles, which they will use to buy rice, sugar, shoes, t-shirts, suits, fruit, cheese, animals, lotions, perfumes, and wool. The group members' dreams are to improve their businesses, own their own homes, provide their children with the best, and have their own investment capital.
Translated from Spanish by Cynthia McMurry, Kiva Fellow

El Banco Nazareno inicia su cuarto ciclo con 21 socias.
Las socias realizan diferentes negocios como la venta de medicina natural, cosméticos, artículos de librería, comida, ropa, abarrotes en general, frutas, animales menores y elaboración de textiles.
Como es el caso de Diana que es soltera, tiene 20 años y vive con sus padres, Diana estudia computación y trabaja eventualmente en una institución. Diana tiene un puesto en el mercado F. Vivanco en donde vende frutas con la ayuda de su hermana. Diana necesita un préstamo de 300 soles dinero que será invertido en la compra de frutas.
Por otro lado Ana es conviviente, tiene 28 años y tiene 1 hijo, Ana viaja a las diferentes ferias de la región en donde vende abarrotes y de las ferias compra quesos y fibra de alpaca. Ana necesita un préstamo de 600 soles dinero que será invertido en la compra de azúcar y arroz.
Mientras que Celia es soltera, tiene 26 años y vive sola, estudia contabilidad y también trabaja en una institución, Celia vende ropa, zapatos a pedidos sus ventas son al crédito. Celia necesita un préstamo de 600 soles dinero que será invertido en la compra de ternos y zapatos.
Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles, 1000 soles haciendo un total de 12,150 soles de prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra de arroz, azúcar, zapatos, polos, ternos, frutas, quesos, animales, cremas, colonias y lana.
Los sueños de las socias son mejorar sus negocios, tener casa propia, brindarle lo mejor a sus hijos, tener capital propio.



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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