A loan of $3,500 helped a member money to be used by 13 members of the communal bank to invest in their businesses.

Tayta Soltero Group's story

The Tayta Soltero Communal Bank belongs to the community of La MejoR., located in the Mariscal Cáceres in Huancavelica. This community is located on along the right siD. of the Mantaro River at an altituD. between 2,600 and 3,600 meters. It has a warm climate and offers access to the cities of Huancavelica and Huancayo. It was named Mariscal Cáceres because it is a place where viceroys, military leaders and revolutionary armies passed by on the roads from Ayacucho, Huncayo and Huancavelica.

Julia Chapca is a single mother with four school-aged children. Her business is vegetable and food sales. With the loans she receives she invests in merchandise. Before, Julia only sold vegetables. Now she also sells kebabs and stuffed potatoes. Her older children help her.

Zila V. has a business raising pigs and selling tara. She started very young working alongsiD. her husband. She now takes care of the business and her husband is in charge of the transportation. The lack of money and capital was a problem that she had to face. With the loans that she will receive she will increase her business to have more income.

Ana S. has had a general store for the last 13 years. When she started the distributors wouldn’t give her credit. Ana learned to save and to invest in merchandise and now her business has grown. Now she gives credit to her neighbors that need certain products from her store. Eh will invest her loan in merchandise and with the earnings she will make repairs to her home. Her dream is that her children become professionals.

In this group: Julia, Doris Angelica, Zila Moraima, Ana Vilma, Zenaida Ciria, Ana Elena, Elizabeth Griselda, Rocio, Teodosia, Elisa, Yenny Elizabeth, Luz Yaqueleni, Martha Fransisca

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Translated from Spanish by Kiva volunteer Hugh Yarbrough

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