A loan of $4,400 helped a member to buy buttons, ribbons, wool.

El Paraíso Group's story

The El Paraíso (Paradise) communal bank begins its 23rd cycle with 16 members who are residents of Huancavelica department and whose main activity is commerce.

Valentina is the communal bank’s governing body’s auditor. She has a significant other and four children.

Valentina started out peddling apple water, flax and other regional herbs. Eventually she was able to get a stall in the local market where she started to sell items used for sewing.

Valentina states that since she’s been in the communal bank she has become a more responsible person and her business has seen increased sales. Now, thanks to the loans she is able to buy merchandise in the capital which is a benefit. She will use this loan to buy ribbons, buttons and wool. She wants to continue to invest in the business and to continue saving in order to build her house.

In this group: Valentina Victoria, Casimira, Julia, Digna, Rosario Charo, Virgilio, Brigida, Alfonza, Ana Maria, Flora Marina, Ana Maria, Adriana Teofila, Dania Magaly, Ranulfa, Olinda, Vicenta

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Translated from Spanish by Kiva volunteer Polliz

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