A loan of $3,650 helped a member to purchase various colors of wool.


Nueva Ilusion Group's story

The communal bank Nueva Ilusion is starting its fifth loan cycle with 17 members. The members operate various businesses, in which they sell groceries, clothing, handicrafts, alfalfa, cheap goods, and food. Such is the case of Rosa, who is the president of the communal bank. She is 49 years old, married, and has 3 children. She buys and sells handicrafts at fairs in the city of Huancayo, and she also plans to participate in the fairs in Lima. Furthermore, Rosa knits scarves and hats that she also sells at the fairs. Her loan will be invested in the purchase of various colors of wool. Her dreams are to expand her business, sell her products abroad, learn to weave using a loom, and to have a poultry store. The members are requesting different sums of money, such as 300 soles, 450 soles, 600 soles, and 750 soles, adding up to a total of 10,300 soles.

In this group: Victoria , Vilma Elena , Rosa Victoria, Paulina, Ernestina , Olga , Nelly Julia, Arturo Abid, Eudosia, Susana , Fausta , Yenny Susana, Luz Estaurofila, Zenaida Irma, Maximiliana, Fredi , Martha

Translated from Spanish by Kiva volunteer Mark Broscoe



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Loan details