Funded

Total loan: $2,625
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Nazareno Group

Peru
Ayacucho, Peru / Retail

A loan of $2,625 helped a member to increase the amount of merchandise available to sell.


Nazareno Group's story

The community bank “Nazareno” has recently completed one four-month loan cycle. The bank now has seventeen members. All of the associates are happy with the community bank. They feel that they have the support they need and enjoy the regular group meetings.

Through the community bank these associates receive training on a variety of subjects. During their first cycle associates learned the importance of savings and how to manage a loan. They also mentioned learning the importance of responsibility and punctuality.

The members of “Nazareno” have a variety of business. Many sell basic food staples from their homes or small stores. Another associate owns a tailor shop. Still others own printing shops or restaurants.

The associates need loans of different sizes. Some need 400, 800, or 800 soles reaching a total of 7200 soles in loans from the communal bank. All associates plan to use their loans to increase the amount of merchandise available to sell.

Their dreams are to continue improving their business and moving forward in life. They hope that their children have more opportunities then they had.

In this group: Maria Lourdes, Elizabeth, Nila Justina, Norma, Nancy Yackeline, Maria Soledad, Josefina, Miriam, Auda, Oscar, Henry, Hilda Alicia, Zoraida, Zenobia Cirila, Maria Fortunata, Ruth Liliana, Juana Francisca
*not pictured



Loan details

Loan length:

6 months
Disbursed date: April 21, 2008

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: April 21, 2008