Rubi Group

In this Group:
Cleofe , Teresa , Victoria , Marina, Anastacia Marina , Severina , Fortunata , Angelica , Betty , Luisa Benita, Julia , Yovana , Roxana , Yaneth , Virginia , Catalina , Roberto , Miriam , Gerardina , Antonia Florencia , Carmen , Prisila

The Rubi Communal Bank is starting its 39th cycle with 22 members. The members do different types of business such as the sale of cereals, fuels, meats, groceries, clothing, vegetables, cheeses, notions and fruits.

Yovana is a thirty year old single mother with one son. She works selling furniture that she buys in Lima at the Sunday market in San Juan.

Yaneth, also single, is 27 years old with one son. She has a grocery shop in her house, located in Selva Ayacuchana, where she works full time.

Meanwhile, Luisa is 38 years old, has three children and lives with her partner. Luisa has a stable in the community of Chiara where she produces milk and cheese. She sells her products at the city food market.

The members need different loan quantities such as; 300 soles, 600 soles, 900 soles and 1050 soles totaling 13,650 soles or $4,375 in loans from the Communal Bank.

The money will be used to buy rice, pasta, candy, furniture, vegetables, wheat, corn, quinoa, water containers and fruits.

The member's dreams are to have their own location, to improve their business, see their children become professionals and expand their stable.

Translated from Spanish by Ian Nicoll, Kiva Volunteer

El Banco Comunal Rubi inicia su ciclo 39 con 22 socias.

Las socias realizan diferentes negocios como la venta de cereales, combustibles, carne, abarrotes en general, ropa, verduras, quesos, mercería y frutas.

Como es el caso de Yovana que es soltera, tiene 30 años y 1 hijo, Yovana se dedica a la venta de muebles en la feria dominical de San Juan, los muebles los adquiere en la ciudad de Lima.

Por otro lado Yaneth es soltera, tiene 27 años y 1 hijo, Yaneth tiene una tienda de abarrotes en su casa ubicada en la Selva Ayacuchana, actividad que realiza todos los días.

Mientras que Luisa es conviviente, tiene 38 años y 3 hijos, Luisa tiene su establo en la comunidad de Chiara, produce leche y queso que vende en el mercado de abastos de la ciudad.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles, 1050 soles haciendo un total de 13,650 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de arroz, fideo, golosinas, muebles, galoneras, verduras, trigo, maiz, quinua, frutas.

Los sueños de las socias son tener un local propio, mejorar sus negocios, sus hijos sean profesionales, ampliar su establo.



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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