Amistad Group

The Amistad Communal Bank began its third cycle with 20 members. The members have different businesses such as selling cheese, shoes, groceries, clothing, small animals, firewood, production of juices and pharmacology. As is the case with Primativa who is married, is 39 years old and has 5 children, Primitiva sells cheese that she buys in the market from a moving cart.

On the other hand Elsa is separated, 44 years old and has 3 children; Elsa sells various kinds of footwear at the Sunday market in San Juan, she acquires her products in the city of Lima.

Edna is married, is 40 years old and has 2 children, Edna has a spot in the Nery García market where she sells groceries, an activity that she does every day.

The members need different loan amounts as 300 soles, 600 soles, 1000 soles, 900 soles for a total of 14,100 soles in loans from Banco Comunal. Their loans will be invested in the purchase of cheese, rice, sugar, shoes, school supplies, sweaters, pants, firewood, medicines, meat, animals. The dreams of the members are to increase their business, that their children succeed and become professionals, and to have enough savings for old age and to progress.

Translated from Spanish by Helen Smith, Kiva Volunteer

El Banco Comunal Amistad inicia su tercer ciclo con 20 socias.

Las socias realizan diferentes negocios como la venta de quesos, calzados, abarrotes, ropa, animales menores, leña, elaboración de jugos y farmacia.

Como es el caso de Primitiva que es conviviente, tiene 39 años y 5 hijos, Primitiva vende quesos de manera ambulatoria que compra en las ferias.

Por otro lado Elsa es separada, tiene 44 años y 3 hijos, Elsa vende calzados variados en la feria dominical de San Juan, sus productos los adquiere en la ciudad de Lima.

Mientras que Edna que es conviviente, tiene 40 años y 2 hijos, Edna tiene un puesto en el mercado Nery García en donde vende abarrotes, actividad que realiza todos los días.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 1000soles, 900 soles haciendo un total de 14,100 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de queso, arroz, azúcar, zapatos escolares, chompas, pantalones, leña, medicinas, carnes, animales.

Los sueños de las socias son aumentar sus negocios, que sus hijos salgan adelante y sean profesionales, tener los ahorros suficiente para la vejez y progresar.



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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