A loan of $500 helped a member invest in and expand their various businesses.

Carolina's Group's story

Maria, Karen, and Carolina have been associates of the community bank “Alborada” for the past year and a half, four months, and eight years respectively.

Maria is 34 years old. She is married and has five school-age children. She had a small grocery store for five years, but she decided to change businesses and planted a small farm in order to be closer to her children.

Karen lives with her partner and one son. For the past six months, she has had a small booth where she sells a typical food called "adobo" made from pork and onion. Before that she sold cell phones.

Carolina is 22 and lives with her partner and two children.
She sells “chapla”, a typical bread from the region, as well as cheese, pork, corn meal, and other products which she transports to the La Parada market in Lima. In Lima she buys fruits such as papaya, mango, and grapes, which she sells in Ayacucho.

Their loans are for 400, 400, and 600 soles (3 soles = $1) respectively, which they will invest in buying farm animals, rice, sugar, beans, soap, milk, potatoes, and chicken in order to sell a larger variety of foods.

From their community bank, Maria, Karen, and Carolina have learned to be more responsible, punctual, and how to use money more effectively, improve their self-esteem, to be better mothers and to save.

Maria's dreams are to save more and have a bigger store, while Karen dreams of having a restaurant, and Carolina wants to work hard and improve the quality of life for her children.

In this group: Carolina, Maria, Karen Diana

Loan details

Lenders and lending teams

Loan details