A loan of $2,350 helped a member purchase winter merchandise.

San Juan De Matucana Group's story

The San Juan D. Matucana Communal Bank consists of ten people who have been working with EDAPROSPO-PROSPERIDAD for more than 2½ years. The loans they have received were invested into their businesses. As a result, the income they generate help pay for their household expenses and improve their quality of life.

Take the example of Sarela M. E.. She tells us that she raises animals (ducks, turkeys, and rabbits) out of her home. Most of the animals are sold, but some are set asiD. to feed her family. She also has a llama that serves as the family pet. Sarela is married and has one child.

It all started one day when she brought home a guinea pig for her mother to prepare as a meal, but she did not know at the time she purchased it that it was pregnant. She eventually found out about it in time and was able to earn an income from the offspring. Sarela acquired a male guinea pig so that she could continue the momentum of her new business. She needed additional capital to buy food (grasses and feed for fattening) for the animals, so she applied for a loan so that she could keep her business running. At one point, she had as many as 150 guinea pigs, which was too much to handle. Sarela was able to sell all of the animals and use the capital to purchase a motorcycle taxi, from which she continues to receive rental income to this day.

Sarela and her husband are considering starting another business since he does not have a stable job at the moment. She continues to be the primary support for covering her family’s expenses. Sarela is requesting a loan to purchase trousers, jackets, and comforters. She plans to sell these items to friends and acquaintances for the winter season.

In this group: Luisa Martha, Sarela Bereniz, Francisco, Rufina Yolanda , Hermelinda , Lilia Edith, Nelly Yolanda, Julia Amparo*, Blanca Maria*, Miriam Gladys
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

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