Qatun Llaqta Group

The Communal Bank "Qatun Llaqta" which means "Big
Town", has begun it's 5th cycle with 16 associates. The associates are from the district of Socos which is located 40 minutes from the city of Ayacucho.

Each of the associates has a different business. The businesses fall under groceries, food, small animals, farming and handicrafts.

For example:

Modesta is 48 years old, married, has 3 children and owns a general store. She is also an artist and weaves carpets and rugs.

Mariluz is 24 years old, has a partner and has 2 children. She sells food in the park in her district and also sells vegetables in different towns.

Aurora is 36 years old, married, has 3 children and owns a store where she sells groceries. She also works in agriculture and raises cattle.

The associates need several loans in the amounts of 300 soles, 600 soles and 900 soles for a total of 9,950 soles (3 soles = $1USD, approx.) in loans from the Communal Bank.

Their loans would be used to buy firewood, rice, salt, noodles, oil, milk, cheese, wheat, barley, corn and small animals.

The associates wish to one day own their own houses, increase their sales and for their children to become professionals.

Translated from Spanish by Beatriz Yuste, Kiva Volunteer

El Banco Comunal Qatun Llaqta que significa Pueblo Grande que inicia el quinto ciclo con 16 socias, las socias son del distrito de Socos que se ubica a 40 minutos de la ciudad de Ayacucho.

Las socias realizan diferentes negocios como la venta de abarrotes en general, comida, Animales menores, realizan artesanías en telar y la agricultura

Como es el caso de Modesta que es casada, tiene 48 años y 3 hijos, Modesta tiene una tienda de abarrotes en general, además Modesta es artesana, realiza tejidos en telar como alfombras, tapices.

Por otro lado Mariluz es conviviente, tiene 24 años y 2 hijos, Mariluz vende comida de manera ambulatoria en el parque de su distrito, además Mariluz vende verduras en los diferentes pueblos.

Mientras que Aurora es casada, tiene 36 años y 3 hijos, Aurora tiene una tienda en donde vende abarrotes en general, además Aurora se dedica a la agricultura y crianza de ganado vacuno.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600soles, 900 soles haciendo un total de 9,950 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de leña, arroz, sal, fideo, aceite, leche, quesos, trigo, cebada, maiz y animales menores.

Los sueños de las socias son que sus hijos sean profesionales, tener casa propia, aumentar sus ventas, mejorar sus negocios.



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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