A loan of $4,025 helped a member to buy cereals at wholesale.

Fraternidad Group's story

The “Fraternidad” (Brotherhood) communal bank starts its 7th cycle with 16 members who have a variety of businesses like: general grocery sales, food sales, cheese, alfalfa, cereals, clothes, fruit and also building materials.

Rosa is the President for this cycle. She’s 47 years old, married and has five children. By profession, she’s a Practical Nurse but she does not practice due to her children. She sells firewood and cereals at home. She’s been in the communal bank since it began. She likes her communal bank’s meetings at FINCA Perú because one can save. She used her savings to pay for her children’s education. Now, she’s saving up for her children’s higher education. Her dream is that the business continues to grow and that her children become professionals.

In this group: Rosa Carmen, Julia, Salustia, Modesta, Victoria, Trinidad, Ayde Noymi, Rosalia, Raquel Eva, Gianina Camela, Silvia, Nelly, Demetra, Soyla, Rosa Luz, Julio

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Translated from Spanish by Kiva volunteer Polliz

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