A loan of $1,400 helped a member to purchase rice, sugar, oil, clothing, and small animals.


Mollecito De Covadonga Group's story

The communal bank, "Mollecito de Covadonga," is a new bank that is starting it's first loan with eleven members. The members have different businesses like selling clothing, groceries, fruit, food, small animals, and offering transportation services. The members need loans in different amounts like 300 and 450 PEN, which all total to 4,200 PEN for the communal bank. Their loans will be invested in the purchase of rice, sugar, oil, clothing, and young animals. The members' dreams are to improve their businesses and themselves and to see their children become professionals.

In this group: Normita , Robertina , Carmela , Jesus Alberto , Zinde , Jose Luis, Yuly , Isidora , Fredy , Teofilo , Zenayda

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Translated from Spanish by Kiva volunteer Tanya Harper



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