Total loan: $4,450

Esperanza Group

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Ayacucho, Ayacucho, Peru / Food

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

A loan helped Purchase rice, oil, and sugar.

Esperanza Group's story

The Communal Bank “Esperanza” (Hope) is starting its 22nd loan cycle with 23 members. They are engaged in different businesses selling food, cosmetics, clothing, candy, groceries, vegetables, grains, firewood, and small animals.

Such is the case with Sra. Marcelina, who serves as the Communal Bank President. She is 39 years old, in a common law marriage, and has three children. Marcelina has a store in her home where she sells groceries. She started this business a few months ago and her sales have been improving. Marcelina's loan will be invested in the purchase of rice, oil, and sugar. Her dreams are to restock her business, purchase a car for her husband to use for work, and see her children finish their studies through university.

The members needed different loan amounts ranging from 300 PEN, 450 PEN, 600 PEN, to 1050 PEN, for a grand total of 12,600 PEN to the entire Communal Bank.

Translated from Spanish by Ronan Reodica, Kiva Volunteer