Funded

Total loan: $2,575
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Julio C. Tello Al Progreso Group

Peru
Huarochiri, Peru / Retail

A loan of $2,575 helped a member to buy wicks, reeds, coal, and sulphur.


Julio C. Tello Al Progreso Group's story

Mrs. América, 42, is a single mother of five children, three of whom are still in her care. Her children are her greatest inspiration to get ahead. She began working as a production assistant in a recreational fireworks company. Thanks to the fact that she was able to save some of her income, she used her expertise to set up her own fireworks business called "El Trueno" (thunder). She also works at night as a cook in a restaurant four times a week. Most of her customers are people who visit the central part of the country.

With her income she is able to cover the essential household expenses. She also feels good because working gives her emotional stability. In the future she would like to build a house, since she now lives in an adobe dwelling. She plans to use the loan to buy wicks, reeds, coal, sulphur and other items to continue her work. All of the members of the communal bank "Comunal Julio C. Tello al Progreso" are responsible in paying back the loans they have taken out several times. In the photograph the members are holding a meeting althouh Carmen Martiza could not attend because of work. They are all very grateful and committed to the Program.

In this group: Damiana Eleuteria, Alicia Flor, Edich Raquel, Florinda, Carmen Maritza*, Olivia Rocio, Anabel Judith, Floriana Rachela, America Soledad
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess



Loan details

Loan length:

8 months
Disbursed date: June 24, 2011

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: June 24, 2011