Sol Naciente De Paccha Group

The Sol Naciente de Paccha Bank is part of the Wari I project. The partners are from a community in Pacchacc,in the Vischongo district of the Vilcashuaman province. The community is at an altitude of 3230 meters above sea level and has approximately 60 families. The basic economic activity is agriculture, including livestock and grains. The partners have various businesses.

Marlene is married and has four children. She raises guinea pigs and also trades in other livestock. She'll use this loan to increase her merchandise and buy medicine for her guinea pigs. Marlene dreams of continuing to work in order to provide her children with a good education.

Luisa is married and has four children. She is a retired teacher, and now owns a grocery store. One of her daughters is studying to be a chef and she generates the most income for the family. Luisa hopes that her daughter can finish her studies and open a restaurant. She'll use the loan to invest in merchandise for her store.

Carmen is married, with four children. She sells coca, and chicks to be raised for eggs and meat. She'll use this loan to buy more chickens and coca leaves. Carmen dreams of her children continuing their studies and becoming professionals.

Translated from Spanish by Sarah Bishop, Kiva Volunteer

El Banco Sol Naciente de Paccha es parte del proyecto Wari I, las socias son de la comunidad de Pacchacc, distrito de Vischongo, Provincia de Vilcashuaman, la comunidad se encuentra a una altitud de 3230 m.s.n.m. tiene aproximadamente 60 familias, la actividad económica mas primordial es la agricultura y también se dedican al comercio de animales y cereales.
Las socias realizan diferentes negocios como es el caso de Marlene que es casada, tiene 4 hijos, Marlene se dedica a la crianza de cuy y también la compra y venta de animales menores como el cuy, el préstamo que obtendrá será para aumentar su mercadería y comprar medicina para sus cuyes, los sueños de Marlene seguir trabajando para brindar una buena educación a sus hijos.
Por otro lado Luisa es casada, tiene 6 hijos, Luisa tiene una tienda de abarrotes, Luisa es docente jubilada, tiene una hija que estudia para Cheff y es quien le genera mas gastos, Luisa espera que su hija culmine sus estudios e implementar un restaurante, el préstamo que obtendrá lo invertirá en la compra de mercadería para su negocio.
Mientras que Carmen es casada, tiene 4 hijos, Carmen se dedica a la venta de coca y también a la venta de pollos para crianza, con el préstamo que obtendrá comprara mas pollos y hoja de coca, los sueños de Carmen es que sus hijos estudien y sean profesionales.



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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