A loan of $4,800 helped a member purchase honey.

Libertad Group's story

The Communal Bank “Libertad” (Freedom) is starting its seventh loan cycle with 17 members. They engage in different businesses selling clothing, fruit, food, lingerie, toys, sewing supplies, honey, and handicrafts.

Such is the case with Sra. Odilia, the Communal Bank president. Odilia is 63 years old, married, and has three children. She sells honey that she acquires from different villages in the region. Her products are sold to institutions and markets. In addition, she sells undergarments to different customers. Her loan will be invested in the purchase of honey. Odilia dreams of improving her business and seeing her youngest daughter finish her degree in accounting.

The members need different loan amounts ranging from 450 PEN, 600 PEN, to 900 PEN, for a grand total of 13,600 PEN to the entire Communal Bank.

In this group: Monica, Maria Antonia, Emilia, Pelaya, Estela, Eugenia, Herminia, Santa Suzana, Rita Trinidad, Vanesa, Odilia, Yeny Geovana, Alondras Perla, Toni Eusebio, Josep Rolando, Jorge, Christian Eduardo

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Translated from Spanish by Kiva volunteer Ronan Reodica

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