A loan of $500 helped to buy consumable goods like bags of rice and sugar, chickens, crates of eggs, and bunches of plantains.

Matilde's story

Matilde belongs to the "Amor y Paz" (Love and Peace) Community Bank in the Moyobamba district of the Moyobamba province in the San Martín department. She is 45 year old single mother of three children; two of them are independent, and the third, age 17, is in her care and a fifth-year high school student.

Matilde started to work by selling barbecue, popsicles and gelatin desserts in the outskirts of her home; however she quit this type of activity because of the weariness it caused.

In this way she turned to selling food in the town market. She is starting this business with a capital of 300 nuevos soles. Currently she sells her menu every day to the general public; her clients prefer her for her seasonings and the good service she gives them.

With a loan of 1,300 nuevos soles, she will buy consumable goods for her menu, such as bags of rice and sugar, chickens, crates of eggs, bunches of plantains, pasta, bottles of oil by the dozen, regional fruits and vegetables, as well as kitchen utensils like pots, plates, glasses, tables and plastic chairs.

Matilde is a very hard working woman. Her dream is to transition into clothing sales. She likes her communal bank because the interest rates are low and she likes sharing with the other members.

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Translated from Spanish by Kiva volunteer Sophie VH

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