A loan of $750 helped to buy flour, sugar, butter, milk, and gas.

Ignacia's story

Ignacia is a member of the Communal Bank “Ahorro es Progreso” (Saving is Progress) which is located in the Province and Department of Puno. She is 67 years old, widowed, and has six children. Sra. Ignacia studied through the second grade.

Her first loan was in the amount of 300 PEN and the money was invested in her business of selling cookies and other types of sweets. She is currently requesting a new loan in the amount of 2000 PEN so that she can invest in the purchase of 10 quintales (1 quintal = 46 kg) of flour, 3 bags of sugar, 5 cases of butter, 4 liters of milk, and 5 tanks of gas so that she can prepare her cookies. Her children help with her business.

Sra. Ignacia wants to continue with her business and gradually improve her earnings. What she enjoys most about her Communal Bank are the unity, the punctuality, the interest from her savings, and the incentives.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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