A loan of $800 helped a member to buy building materials and supplies.


Señor De La Esperanza Group's story

LORD OF HOPE COMMUNAL BANK

Mila is a member of the “Señor de la Esperanza” (Lord of Hope) communal bank which has 7 members. All are enterprising people in different commercial and service activities in the Matucana area. She comments that a friend encouraged her to participate in the Prosperidad-EDAPROSPO program.

Mila, 48, with her spouse sells building materials and supplies like: sand, cement, concrete, etc. She has been in this line of work for 20 years. The idea for the business came from her husband’s ability and experience and also because it’s profitable. Mila also sells fast food or fried snacks like: salchipollos (fried potatoes with fried chicken) and hamburgers, apple juice and other snacks at her doorstep. This is how they managed to finish building the first floor of their house. They also have a car port in Matucana’s high zone that they lease to a transportation firm for parking.

She doesn’t have any savings because her earnings cover her capital needs and household expenses. Mila’s goal is to form a small contracting firm buying demolition and perforation equipment to lease to mining firms in the area.

The loan she got recently will be used to buy some building materials and supplies.

In this group: Norma Haydee, Elizabeth, Dulia Ursula , Mila Victoria, Carlos Ricardo, Ileodora Eugenia*, Maria Del Pilar
*not pictured

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Translated from Spanish by Kiva volunteer Polliz



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