A loan of $2,375 helped a member fulfill loan requests between 200 and 800 PEN, to be used in businesses. The total of all loans is 7,100 PEN.

Las Flores De Palmadera Group's story

'Las Flores D. Palmadera' (The Flowers of Palmadera) community bank belongs to the community of Palmadera, located in the Acoria district of Huancavelica province, in the department of Huancavelica. The majority of the population in this zone work in production and they organize themselves jointly to finance their work in Ayaccocha, Hucro and Huancavelica. The majority work in agriculture, livestock, and business.

The community bank consists of 17 partners who request loans between 200 and 800 PEN to use in their businesses; the sum of all loans is 7,100 PEN.

Leonarda is married and has 3 children who are 14, 8, and 6 years old. She sells meat. Leonarda buys pigs and rams; she kills them at her house and sells the meat. Her husband and children help her in the business. The greatest difficulty that she faces is the region's flash floods, often requiring her to rebuild her business. She requests a loan of 400 PEN to buy livestock and feed for the animals. Her dream is to sell wholesale, for which she would need to invest more money. Currently she is saving to buy blankets for her children, who study out of town.

Angélica is married and has 5 children who are 13, 10, 8, 6 and 2 years old. With her first loan she received 6 months ago, she bought clothes for her children, not knowing to invest in her business. Only with part of the loan she bought small animals to raise at home and sell, slowly repaying her loan. Because of the bad investment she had problems but in spite of the difficulties she felt responsible and repaid her first loan. She requests another loan of 800 PEN to start her business; she wants to have a chicken farm so she can sell and eat the eggs. She would like to save for the repairs her house needs.

In this group: Angelica, Marina, Betty Isabel, Elena, Emilia, Primitiva, Paulina, Leonarda, Bernardina, Luz Tatiana, Amria, Maximo, Maria, Fabian, Blacido, Feliciana, Andrea

Translator profile picture

Translated from Spanish by Kiva volunteer Vivian Lu

Loan details

Lenders and lending teams

Loan details