A loan of $575 helped to buy cement, gravel, etc. for improvements to her house.

Jacinta Ofelia's story

Sra. Jacinta, 59, is a member of the Mujeres Con Futuro community bank in Calleria, a district of the Peruvian "departamento" of Ucayali. She is married and has three children.
She has worked with Manuela Ramos for 10 years, using loans from the bank support her room-rental business. She has used the loans over the years, along with her own earnings, to improve the business and she now has 9 rooms for rent. She will use this loan, for S/.1,500.00 new soles to pay for: 5 bags of cement, 2 [cubic?] meters of gravel and relevant labor expenses.
Sra. Jacinta needs to lay floors for two more rooms so that she can rent them and increase her revenues from the business. Her husband is a mechanic and they share household expenses. She will use the extra income from the new rooms to continue improving the business. She wants ever-bigger loans so that she can continue to expand. The house is near the market and there is a lot of demand for her rooms.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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