A loan of $4,850 helped a member purchase rice, sugar, oil, milk, wheat, barley, flour, shoes, candy, and small animals.

8 De Setiembre Group's story

The September 8th Communal Bank is starting its eighth loan cycle with 21 members. They are from the district from Acosvinchos, which is located an hour away from the city of Ayacucho.

The members operate different businesses such as selling grain, candy, groceries, bread, shoes, meat, small animals, and food. They also engage in farming and the production of tiles.

This is the case with Sra. Alejandrina, who is the president of the Communal Bank. She is 54 years old, married, and has eight children. Alejandrina manages a grocery store in her home and also raises different types of crops.

Ricardina is married and raises animals to sell at the district fair. She also engages in farming.

The members need different loan amounts ranging from 300 soles, 450 soles, 600 soles, to 750 soles for a total of 13,800 soles to the entire Communal Bank.

Their loans will be used to buy rice, sugar, oil, milk, wheat, barley, flour, shoes, candy, and small animals.

The dreams of the members incluD. expanding their businesses, seeing their children become professionals, and owning a home in city of Ayacucho.

In this group: Alejandrina, Ricardina, Saturna, Felicitas, Julia, Isabel, Jorge, Juana, Virgilio Mariano, Lucia, Donato, Felicitas, Alfredo Sebastian, Nancy, Juliana, Pedro Pablo, Maria, Ambrosia, Marina, Victoria, Vitalina

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details