Kusi Killa Group

The Kusi Killa Community Bank is beginning its third loan cycle with twenty members.

The members have businesses that sell a variety of items, such as fruit, food, notions, general merchandise, dairy products, bread, small animals, root vegetables, and woven sweaters.

For example, Yovana is a 41-year-old widow with five children. Her business is making yogurt, which she sells by taking orders from customers. Yovana also embroiders tablecloths, among other things.

On the other hand, Rosa is a single 42-year-old with three children. She buys and sells peanuts at the “Las Américas” market.

While Elizabeth, a 21-year-old mother of one son who lives with her partner, sells cosmetics from catalogs. She sells them to friends and relatives on credit.

The group's members need differing loan amounts, 300, 450, or 600 Peruvian nuevos soles, for a grand total of 10,350 nuevos soles to be loaned to the community bank.

The loans will be invested in the purchase of fabric, thread, cooking utensils, cosmetics, rice, sugar, milk, fruit, bread, and small animals.

The members of the group hope that their children will complete their studies. They also dream of having their own financial resources, expanding their businesses, and building homes.

Translated from Spanish by Kris Vickery, Kiva Volunteer

El Banco Comunal Kusi Killa inicia su tercer ciclo con 20 socias.

Las socias realizan diferentes negocios como la venta de frutas, comidas, mercerías, abarrotes en general, lácteos, panes, animales menores, tubérculos y tejidos de chompas.

Como es el caso de Yovana que es viuda, tiene 41 años y 5 hijos, Yovana se dedica a la elaboración de yogurt, sus ventas los realiza a pedidos. Además Yovana realiza bordados de manteles, entre otros.

Por otro lado Rosa es soltera, tiene 42 años y 3 hijos, Rosa se dedica a la compra y venta de maní, actividad que realiza en la feria de Las Américas.

Mientras que Elizabeth es conviviente, tiene 21 años y 1 hijo, Elizabeth vende cosméticos por catálogos que ofrece a amigos, familiares, sus ventas son al crédito.

Las socias necesitan diferentes montos de prestamos como 300 soles, 450 soles, 600soles, haciendo un total de 10,350 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra telas, hilos, utensilios de cocina, cosméticos, arroz, azúcar, leche, frutas, panes, animales menores.

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



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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