Geraneos Group

The Geraneos Bank begins its second cycle with 17 members.

The members work in different businesses like selling fruit, fish, diary products, bread, cereal, cheese, food, vegetables, wood, groceries, and they also perform some carpenter work.

One case is Rufilia, who is married, 53 years old, and has 10 children, 3 of which live with her. Rufilia travels to the markets every Saturday and Sunday where she sells groceries and buys cereal.

Another is Juana; she is 27 years old and lives with her partner and has 2 children. She sells food Saturdays and Sundays from her house, and during weekdays she sells baked sweet potato in different places.

Meanwhile Rosa is married, 57 years old and has 4 children. Rosa buys milk from the Alpachaca community and sells it in the streets.

The members need different loan amounts of around 300 soles, 600 soles, or 900 soles for a total of 10,800 soles in loans from the Communal Bank.

Their loans will be used for the purchase of wheat, beans, corn, various fruits, sweet potato, milk, sugar, rice, oranges, apples, cheese, carrots, tomatoes, onions, and barley.

The members’ dreams are to expand their businesses, to build a house with noble material, that their children learn a profession and to purchase land.

Translated from Spanish by Esteban Riojas, Kiva Volunteer

El Banco Geraneos inicia su segundo ciclo con 17 socias.

Las socias realizan diferentes negocios como la venta de frutas, pescado, lacteos, panes, cereales, quesos, comida, verduras, leña, abarrotes, brindan servicio de carpintería.

Como es el caso de Rufilia que es casada, tiene 53 años y 10 hijos de los cuales 3 viven con ella, Rufilia viaja a las ferias los días sábados y domingos en donde vende abarrotes y de las ferias compra cereales.

Por otro lado Juana es conviviente, tiene 27 años y 2 hijos, Juana los días sábados y domingos vende comida en su casa, además los días particulares vende camote horneado en diferentes lugares.

Mientras que Rosa es casada, tiene 57 años y 4 hijos, Rosa se dedica a la compra y venta de leche, que adquiere en la comunidad de Alpachaca, sus ventas los realiza ambulatoriamente.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600soles, 900 soles haciendo un total de 10,800 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de trigo, haba, maíz, frutas variadas, camote, leche, azúcar, arroz, naranja, manzana, quesos, zanahoria, tomate, cebolla, trigo, cebada, maíz.

Los sueños de las socias son ampliar sus negocios, construir su casa con material noble, sus hijos sean profesionales y comprar un terreno.



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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