A loan of $2,875 helped a member purchase of wool and loom repairs.

Los Saucos Group's story

The communal bank "Los Saucos" is starting its eighth cycle with 16 members; they are from the community of Pampalca, district of San Pedro D. Coris, Department of Huancavelica. The members are engaged in different types of business such as selling vegetables, cheeses, grains, small farm animals, and clothing as well as agriculture and cattle farming.

For instance, Sra. Julia is married and has eight children. Julia works in the manufacture of clothing based on loom-woven fabrics; she buys the wool in Huancayo. Her loan will be used for the purchase of wool and to have the loom fixed.

Julia's dream is to educate her children and also to purchase a plot of land to build a new house. She needs to do this because her present house may start to crumble soon.

The members need loans in different amounts such as 200 soles, 300 soles, 500 soles, and 600 soles, totalling 8200 soles in loans to be disbursed by the communal bank.

In this group: Maxima, Antonia, Fortunata, Domenica Julia, Alicia, Maruja Elena, Constanza Andrea, Bertha , Antonia , Patricia, Judith Cynthia, Dominga, Prodencia, Juana, Edilicia, Aurea

Translated from Spanish by Kiva volunteer Andrei Vazhnov

Loan details

Lenders and lending teams

Loan details