Total loan: $3,875

Rio De Oro Group

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Ayacucho, Ayacucho, Peru / Food

Rio De Oro Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To buy sugar, soap and detergents.

Rio De Oro Group's story

The “Rio D. Oro” (River of Gold) communal bank, composed of 23 members from the Rio Seco neighborhood, is in its 4th loan cycle The members are involved in a variety of commercial activities such as: cereal sales, general grocery sales, small farm animal raising, sale of crafts, clothing, fruits and vegetables; most of the members proviD. embroidery services. Such is the case of Fabiana, 43. She’s married, has three children and runs a grocery store from her home; she sells assorted groceries like snacks and beverages every day. In addition, Fabiana embroiders belts, purses, and hair bands for an exporting firm. She will use the funds to buy sugar, soap and detergents. Fabiana’s dream is to become a cosmetologist, stock her store and that her children go to university. The members need various loan amounts: 300, 600, and 900 soles totaling 10,950 soles.

Translated from Spanish by Michael Bujazan, Kiva Volunteer