Funded

Total loan: $2,125
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Villa Hermosa Group

Peru
Ayacucho, Peru / Retail

A loan of $2,125 helped a member buying sugar, rice, vegetables, fruit, cookies, caramels, oats, barley, potatoes, and small livestock.


Villa Hermosa Group's story

El Banco Comunal Villa Hermosa is a new bank that has recently started with sixteen members. The members have many projects for using the loan they will obtain. They live in the Quicapata neighborhood of the Carmen District which is thirty minutes from the city of Ayacucho.

The members have different businesses such as selling cereals, articles of clothing, small livestock, food, candies and groceries in general.

Every member has a different story. For instance, Aydee is a single woman studying nursing in an institute. Also, in order to make money she travels on Saturdays and Sundays to regional fairs where she buys cereals and resells them to merchants in the Nery Garcia Market.

On the other hand, Aurea has a grocery store in her home, where she sells vegetables, meats, fruits, etc. and at night she sells salchipollos (local sausage snack) in front of her house. She uses her income to cover the education and food costs for her children.

Norma travels to regional fairs three times a week where she buys cereals, small livestock, etc. that she sells in the markets in the city of Ayacucho.

The members need varying amounts of loans, amounts of 300 or 600 soles, totaling 6,000 Peruvian Nuevos Soles to be lent to the village bank.

The loans will be invested in buying sugar, rice, vegetables, fruit, cookies, caramels, oats, barley, potatoes, and small livestock.

The dreams of the bank members are to have their own homes, to move forward with providing their children a good education, and to improve and stabilize their businesses and lives.

In this group: Norma, Maria Aydee, Julia, Aurea, Rosa Luzmila, Nelly, Esther, Santona, Aydee, Maria Luz Delfina, Glicerio, Emilia, Ruben Angel, Eusebio, Mercedes, Rayda
*not pictured



Loan details

Loan length:

9 months
Disbursed date: September 13, 2008

Lenders and lending teams



Loan details

Loan length:

9 months
Disbursed date: September 13, 2008