A loan of $4,275 helped a member purchase grain.

Chiara Group's story

The Chiara Communal Bank is starting its seventh loan cycle with 18 members. They are from the District of Chiara, which is located 30 minutes away from the city of Ayacucho. The members engage in different business activities that incluD. farming and selling small animals, dairy products, groceries, grain, and cheeses.

Such is the case of Sra. Rosa, who serves as the Communal Bank auditor. Rosa is 26 years old, single, and lives with her parents. She travels to different fairs in the region to buy grain and then sells it at the city market in Ayacucho. Rosa also buys animals to sell at the city animal fair. Her loan will be invested in the purchase of grain. Rosa dreams of building her own house in Ayacucho and buying a plot of land where she can plant crops.

The members need different loan amount ranging from 300 PEN, 600 PEN, to 750 PEN, for a grand total of 12,100 PEN to the entire Communal Bank.

In this group: Olga Angelica, Rosa, Juliana, Rosa, Paulina, Lourdes , Fortunata, Iovana, Marina, Helmer, Martina, Sonia, Inocencia, Rosa, Marina, Aydee, Silverio, Delfina
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details