A loan of $3,850 helped a member purchasing merchandise such as school supplies.

Niño Ismael Group's story

The Niño Ismael communal bank is located in the Department of Huancavelica. Its members' main activities are handicrafts and sales. It is starting its second loan cycle with a total of 12 members.

Carmen is single and has a 5-year-old child. After finishing her studies, Carmen borrowed money from her parents to invest in a business selling school supplies. Her mother, who is a longtime member of the communal bank, invited Carmen to participate. During her time with FINCA, Carmen's sales have increased, because she can invest more money in her business, and she has learned to save. The loan she is now requesting will permit her to buy a photocopier and to stock her business with notebooks, pencils, pencil holders, drawing supplies and all types of useful products for the beginning of the school season. Carmen's dream is to have her own house and her own shop.

Vilma is married and has 3 children, aged 16, 22 and 24. The communal bank, has helped her learn how to save. She started a business selling clothes, and thanks to the loans she has received, she has been able to buy shelves. Now she also sells jewelry, gifts and perfumes, and she would like to take advantage of the school season and invest the funds from the new loan in school uniforms to sell.

Mariluz is single and has a 4-year-old child. She started a business selling cosmetics by catalog. She did not have much capital and did not receive support from any financial institution until a friend invited her to participate in the FINCA communal banks. Thanks to the loans, she has a little more capital, which she has invested in merchandise to sell, such as school supplies, hair clips, combs, mirrors and soaps. With the current loan, she will buy student lunchboxes and some educational games. Her dream is to have a large jewelry store.

In this group: Vilma Mercedes, Elizabeth, Marina, Carmen Pilar, Vilma, Erika Susan, Mary Luz, Orlanda, Dominga Brigida, Gema Judith, Cinthia Evelyn, Rocio Elvira

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Translated from Spanish by Kiva volunteer Patricia Linderman

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