A loan of $4,100 helped a member buy products for resale.

Los Andes Group's story

The Los Andes community bank is starting its fourth cycle with 16 members. The members engage in a range of businesses selling products and services such as fruits, cheeses, vegetables, salchipapas, miscellaneous grocery products, ice cream, firewood, clothing, grain and taxi services.

Irene, for example, 47 and married, sells fruit in the 12 D. abril market, work that she does every day. She needs a 300-soles loan to buy fruit for resale. Her fellow member, Jeorgina, 47 and partnered, works as a street vendor, selling cheeses at the new bridge. Jeorgina needs a 300-soles loan that she will use to buy cheese for resale.

The members need different amounts of credit--300 soles, 450 soles, 600 soles, 1050 soles--that add up to a total of 11,700 soles, the amount the community bank is applying to borrow. The loan will be used to buy fruit, cheeses, vegetables, rice, sugar, milk, cooking oil, potatoes, ice cream, firewood and wheat for resale.

The members dream of seeing their children finish school and start professional careers; owning their own homes; and expanding their businesses.

In this group: Irene, Jeorgina, Anaberta, Juana, Victoria, Maria Raymunda, Maria Cristina, Alicia , Elizabeth , Roberta, Dina , Prudencia, Yobana Edith, Elizabeth , Uldarica, Tito Silvia
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Jere Wiseman

Loan details

Lenders and lending teams

Loan details