28 De Noviembre Group

The 28th of November Communal Bank starts its sixth cycle with 15 members. The members are from the Acosvinchos district which is located one hour from the city of Ayacucho. The members operate different businesses such as the sale of general groceries, footwear, suckling pigs, tara plant, food, meat, cereal grains, fruit, and the weaving of fabric.

For example, take the case of Carmen who lives with her partner, is 29 years old and has three children. She and her husband dedicate themselves to the manufacture of bricks, the firing of which she accomplishes in the oven of her in-laws.

On the other hand is Victoria who is married, 33 years old, and has five children. She dedicates herself to the sale of meat in the street market of her district, acquiring the animals in different towns.

Meanwhile, there is Laurentina who lives with her partner, is 27 years old, and has two children. Laurentina has a store in her home where she sells groceries and vegetables. Furthermore, she dedicates herself to the blanching of corn, a product which she sells in the city Ayacucho.

The members need different amounts of loans such as 300 PEN, 450 PEN, 600 PEN, for a total loan of 9,950 PEN from the communal bank. Their loans will be invested in the purchase of rice, sugar, meat, fruit, firewood, animals, and the payment of laborers. The dreams of the members are to educate their children, grow their businesses, and to provide a good diet.

Translated from Spanish by William Gray, Kiva Volunteer

El Banco Comunal 28 de Noviembre inicia su sexto ciclo con 15 Socias. Las socias son del Distrito de Acosvinchos que se ubica a 1 hora de la ciudad de Ayacucho.

Las socias realizan diferentes negocios como la venta de abarrotes en general, calzados, cochinilla, tara, comidas, carnes, cereales, frutas y la fabricación de tejas.

Como es el caso de Carmen que es conviviente, tiene 29 años y 3 hijos, Carmen junto a su esposo se dedican a la elaboración de tejas, el quemado de las tejas lo realiza en el horno de sus suegros.

Por otro lado Victoria es casada, tiene 33 años y 5 hijos, Victoria se dedica a la venta de carne en la feria de su distrito, los animales los adquiere en los diferentes pueblos.

Mientras que Laurentina es conviviente, tiene 27 años y 2 hijos, Laurentina tiene una tienda en su casa en donde vende abarrotes, verduras. Además se dedica al pelado del maíz, producto que comercializa en la ciudad de Ayacucho.

Las socias necesitan diferentes montos de prestamos como 300 soles, 450 soles, 600soles, haciendo un total de 9,950 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de arroz, azucar, carne, frutas, leña, animales y el pago de peones.

Los sueños de las socias son educar a sus hijos, ampliar sus negocios y brindar una buena alimentación.



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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