A loan of $4,275 helped a member to purchase various ingredients and products to help grow their respective businesses.

28 De Noviembre Group's story

The communal bank 28 of November began its 8th cycle with 17 members from the District of Acosvinchos. The members all work in different businesses such as sales of grocery items, meat, food, small animals and grains.

This is the case of Rosa, 47 years old and married with 4 children. Rosa has a restaurant in her house, located in the main plaza of the district. She runs her restaurant every day, and she needs her portion of the loan to purchase ingredients such as rice and sugar.

Each member needs a different amount from the total loan, such as 300 soles, 600 soles, etc. They will use their portion of the loan to invest in rice, sugar, flour, meat and small animals. The members share the dream of owning their own homes, growing their businesses and providing a good education for their children.

In this group: Rosa Victoria, Felicitas, Teofilo, Lorenzo , Justiniano, Carmen , Miguel Angel, Laurentina, Teofila, Paulina, Victoria, Irma, Alicia, Dionisia, Fresia Yhobana, Felix, Bertha
*not pictured

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Translated from Spanish by Kiva volunteer Emily Charnes

Loan details

Lenders and lending teams

Loan details