A loan of $4,650 helped a member the San Antonio de Padua Communal Bank requests a loan for 13,900 soles that will be used by its 18 members to invest in their businesses.

San Antonio De Padua Group's story

The San Antonio D. Padua Communal Bank belongs to the Huando community in Huancavelica. This valley has three neighborhoods - Acobamba, Libertad and Progreso and the community is quite charming due to it's commercial area. Among the principle activities of the people are agriculture (corn, potatoes, olluco, barley and wheat), raising livestock (rams, cattle, horses and donkeys) and handicrafts (embroidered white skirts).

Nora S. is married and has two small children ages five and three. Her business is a hardware store that has run continuously with the loans she receives. With the current loan she will buy a large quantity of cement. Her dream is that her two beautiful treasures, as she calls them, are able to study and become professionals.

Norma M. has eight children. She went into business selling hot drinks. Now she sells clothing, food and fruit depending on the season. Before, she could not count on having business capital because she used all of her earnings to feed her children. Her husband drives a tractor that he rents to institutions. Now Norma can save for the education of her children who are in college.

Soledad S. is married. Her business is selling CDs and DVDs. She is thankful for the communal bank meetings because she has learned a lot. She wants to invest her loan in the purchase of plastics because she has seen that there aren't any in the Huando community.

In this group: Nora, Juana, Rosa, Yolanda, Mery Sofia, Adela Daria, Soledad Norma, Victoria, Mirella Luz, Norma, Karina, Olivia, Eustaquia, Lizbeth, Alejandro, Ivonni Edith, Julia, Marina

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Translated from Spanish by Kiva volunteer Hugh Yarbrough

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