A loan of $2,000 helped a member to buy sugar, 'quisa' (dried peach) and wool.

20 De Enero Group's story

The "20 de Enero" (January 20th) community bank is beginning its first loan cycle. The members of this group are enthusiastic women who have a desire to improve their lives. The group forms part of the Senkata regional office and has 10 female members.

Each of the group's members has her own business. These businesses include: selling household products (toothpaste, batteries, clothes hangers, face cream - in general, the ladies call this type of business 'venta de cachivaches' (knick knack sales)), sewing traditional skirts, selling 'tunta' (a dried potato product), weaving and sewing traditional skirts, knitting baby clothes, selling CDs, selling vegetables and running a neighborhood store.

The '20 de Enero' community bank is run by a board of directors which consists of a president, a treasurer and a secretary, who are in charge of guiding their fellow group members through this loan cycle.

The bank's president, Lidia, was a member of the Villa Tejada regional office for six and a half years. She is currently joining the '20 de Enero' community bank for their first loan cycle. Lidia tells us that she and several long-standing members, including Miguelina, decided to form their own group to request a loan. Their favorite services are the health service and the insurance service.

The president's business is knitting sweaters, selling 'knick knacks' and selling 'mocochinchi' (a dried peach drink) by the glass. This latter business is one that she has had since she was very young.

Lidia is requesting her loan to buy sugar, 'quisa' (dried peach) and wool. These will help her in the businesses that she wishes to carry out this season.

In this group: Lidia Yola, Angelina, Miguelina, Delia, Rita Cristina, Maruja, Segundina Veronica, Elizabeth, Virginia Martina, Lucia Guillermina

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details