Funded

Total loan: $4,425
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Rubi Group

Peru
Ayacucho, Peru / Retail

A loan of $4,425 helped a member to buy groceries, rice, sugar, spaghetti, etc.


Rubi Group's story

The Rubi communal bank began their 44th loan with 20 members who have different businesses and belong to the city of Huamanga. Margoth is the president of the communal bank, she is 23 years old, single and works in a cebichería (place that sells ‘ceviche,’ marinated fish cocktails) she works as a waitress and cook. She works from 7 a.m. to 4 p.m. but she has problems since they don’t pay her wages on time. The loan is to buy groceries like rice, sugar, oil, flour, spaghetti, eggs, detergents, soap, cookies and candies, etc. all of which is sold in fairs. Margoth’s dream is to have her own cebichería. She is very happy to be president and is committed to making her communal bank a model one, and that her fellow members be punctual in their attendance and payments.

In this group: Margoth Haydee, Teresa, Victoria, Haydee, Severina, Yolanda Urbana, Luisa Benita, Julia, Nely Carmela, Roxana, Fernando Amilcar, Virginia, Guillermina, Carmen, Prisila, Yudith, Quintina, Critzan Jomara, Elvis, Alejandra
*not pictured

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Loan details

Loan length:

6 months
Disbursed date: October 19, 2010

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: October 19, 2010