Total loan: $3,075

Los Jazmines Group

Flag of Peru
, , Peru / Retail

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A loan helped To invest in the purchase of clothing for the Christmas season.

Los Jazmines Group's story

The alcancia commual bank “LOS JAZMI.” is located in the high part of the Huayan district of Ate, in the department of Lima. For the last 5 months, the alcancia communal bank has been working with EDASPROSPO-Prosperidad and is made up of 11 members. They work in different types of jobs such as: production, commerce and services, represented by: M. Medina, has been serving for the past 5 months as the Treasurer. She is 49, and a single mother with 4 children. M. has been working for a year selling beauty products from a catalog. With the effort she has put into her work she has been able to buy furniture for her house. She will invest her new loan into buying fixtures. Like all small entrepreneurs, she has many dreams: one of them is to set up a big grocery store. R. M. Arony has been the Secretary for the past 5 months. She is 23, and in a common-law-marriage. She has 1 son, aged 1 year and 9 months. In the beginning R. worked selling clothes, but for this type of product she needed a big investment and she didn’t have it. She decided to change the type of product and work selling salchipollo(French fries with shredded chicken-typical food of Peru) since she already had too many necessities to cover and therefore needed to make more money. For the last 5 years she has been doing this work, and will invest her next loan was in buying clothing for the Christmas season. R., as with all women entrepreneurs, dreams of having her own clothing store and that her store would be popular with all the customers.

Translated from Spanish by Miriam Palacio, Kiva Volunteer