A loan of $925 helped to buy yarn in assorted colors.


Faustina's story

Faustina, 63, is a member of the “Santa Barbara” communal bank in the population settlement of Chinumani, Yunguyo Province and Puno Department. She’s married and has four children. She attended elementary school but did not complete it. She’s worked with the Manuela Ramos Movement for seven years. Her first loan was in the amount of 300 new soles that she invested in her business. She sells sweaters, knit caps, outfits, etc. She’s also a cattle merchant, she buys and sells bulls. She will use her new, 2500 new sol, loan to buy yarn in assorted colors. She comments that a sack of yarn costs 150 new soles and she buys it in Juliaca. She works with her husband and she sells her merchandise in Ilave, Juli and Yunguyo and also on order. Her dream is to stay in business ant improve her income. What she likes best about her communal bank is the ease of the loans, the punctuality and the responsibility.

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Translated from Spanish by Kiva volunteer Polliz


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Loan details