A loan of $1,550 helped a member to purchase school supplies.

Solidaridad De Jicamarca Group's story

The communal bank Solidaridad De Jicamarca is a group whose members share a strong desire to improve themselves and to move forward in their lives; the bank takes its name from the place where the members live.

The group consists of eight individuals, mostly women, each of whom brings a personal history of effort and improvement in course of their lives. One of the members is Eugenia Y., age 51, who lives with her partner and has a son who is already grown. For more than three years, Eugenia has been running a small convenience store where she also sells school supplies; occasionally she also makes hand-woven items to order.

Eugenia started in this business because in her neighborhood there were not that many convenience stores. Thanks to the effort she has put into her work, she has been able to add a second floor to her house and with time achieved a better quality of life.

Eugenia plans to invest this loan into the purchase of school supplies inventory for her business. In the future, she would like to expand the store and increase her earnings so that she could provide more economic resources for her family.

In this group: Eugenia, Abel, Angelica Marin, Juan Carlos, Lilian Maribel, Mary Cruz, Liz Maritza

Translated from Spanish by Kiva volunteer Andrei Vazhnov

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