A loan of $3,800 helped a member purchase trees.

Qatun Llaqta Group's story

The Communal Bank “Qatun Llaqta” (which means “Large Village” in Quechua) starts its seventh loan cycle with 16 members who are from the District of Socos.

The members engage in different businesses selling milk, firewood, grain, handicrafts, small animals, groceries, and fruit. Such is the case of Sra. Adela. She is 48 years old, married, and has one child. Together with her husband she sells firewood in the city of Ayacucho. Adela has served as President of the Communal Bank on four separate opportunities. She needs a loan of 1750 PEN to invest in the purchase of trees.

The members need different loan amounts including 300 PEN, 450 PEN, and 600 PEN, for a grand total of 10,750 PEN in loans to the entire Communal Bank. These loans will be invested in the purchase of trees, wheat, barley, wool, sugar, and small animals.

In this group: Adela, Honorata, Andrea, Jesus, Bonifacia, Maria De Los Angeles, Modesta, Rita, Marcelina, Carlos, Elsa, Buena Aurora, Nelson, Cirilo, Gladys, Federico

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details