Angeles De La Paz Group

The Community Bank 'Angeles de la Paz' ('Angels of Peace') is starting its third cycle with 16 members.

The members have different types of businesses like selling food, vegetables, fruit, drinks, hardware, groceries in general and offering a taxi service.

In Francisca's case, she is separated and is 60 years old with 4 kids. Francisca sells food on foot and also in markets, and she has a small grocery store in her house. Francisca needs a loan of 900 soles; money that she will invest in buying rice and sugar.

In Maria's case, she is married, 45 years old and has 3 kids. Maria dedicates herself to buying and selling vegetables. Maria needs a loan of 300 soles which she will invest in buying carrots and onions.

The members need different loan amounts like 300 soles, 600 soles and 900 soles, making a total of 12,800 soles of loans for the Community Bank.

Their loans will be invested in buying rice, sugar, oil, tomatoes, onions, hens, pigs, plantain, oranges and apples.

The members' dreams are to build houses, enlarge their businesses and for their kids to finish their studies.

Translated from Spanish by Liz Harvey, Kiva Volunteer

El Banco Ángeles de la Paz inicia su tercer ciclo con 16 socias.

Las socias realizan diferentes negocios como la venta de comida, verduras, frutas, bebidas, ferretería, abarrotes en general y brindan servicio de taxi.

Como es el caso de Francisca que es separada, tiene 60 años y 4 hijos, Francisca vende comida de manera ambulatoria y también en ferias, tiene una pequeña tienda de abarrotes en su casa. Francisca necesita un préstamo de 900 soles dinero que será invertido en la compra de arroz y azúcar.

Mientras que Maria es casada, tiene 45 años y 3 hijos, Maria se dedica a la compra y venta de verduras. Maria necesita un préstamo de 300 soles que invertirá en la compra de zanahoria, cebolla.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles, haciendo un total de 12,800 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de arroz, azúcar, aceite, tomate, cebolla, gallina, cerdos, plátano, naranja, manzana.

Los sueños de las socias son construir su casa, ampliar sus negocios y que sus hijos culminen sus estudios.



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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