Funded

Total loan: $950
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Yuli Magali's Group

Peru
Ayacucho, Peru / Clothing Sales

A loan of $950 helped a member silvia, Karina and Yuli need loans of 800 soles, 1000 soles, and 1000 soles (3 soles = $1), which they will invest in buying products for their businesses, such as flour, sugar, eggs, and more cosmetics.


Yuli Magali's Group's story

Silvia, Karina, and Yuli have been members of the community bank Glorioso for 3, 2, and 12 years respectively. In that time they have learned how to save, how to run their business, and how to continue to develop their business. In addition they have learned about self-esteem and respect. They feel like their bank is a family where they can relax and share their problems.

Silvia is 55 years old and has five children. She has owned a bakery for the past 15 years. Now she has established clients who always buy from her every day. Karina is 20 years old and owns a small café. She also goes to school where she studies accounting. Yuli is 32 and has one son. She is a founding member of her community bank. Yuli sells clothing and cosmetics to her friends, family, and other associates at the bank.

Silvia, Karina, and Yuli need loans of 800 soles, 1000 soles, and 1000 soles (3 soles = $1), which they will invest in buying products for their businesses, such as flour, sugar, eggs, and more cosmetics.

The community bank emphasizes the importance of saving and each member has an interest-earning savings account. Silvia, Karina, and Yuli are saving for the education of their children, for an upcoming marriage, and to open a restaurant. Each woman has her own dream. Silvia hopes for a better life for her children. Karina dreams of finishing her degree and getting married. Yuli hopes to one day open a restaurant and one day own a chain of restaurants across all of Peru.

In this group: Yuli Magali, Silvia, Norma Karina
*not pictured



Loan details

Loan length:

7 months
Disbursed date: February 4, 2008

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: February 4, 2008