A loan of $1,675 helped a member the community bank, Kausachun Colca, needs a loan for 5,100 nuevos soles in order for 12 of its members to improve their businesses.

Kausachun Colca Group's story

In the small town of Colca, the community bank "Kausachun Colca" can be found with members, Magna A. A., Reyna Placida H. Q. and Gloria P. V.. The area is known for agriculture and a majority of the businesses incluD. groceries.

Magna dedicates her time to selling candies at the door of a local school and in front of a nearby church. Magna, a widow, has six children that are married. She is currently saving so she can have savings when she is older and is unable to work.

Reyna Placida runs a small snack bar which she is very happy to have as her own business. She is currently living with her husband and their 3 children. A dream of hers is to move from her small town to the city, which will proviD. better opportunities for her children in the future. She dreams that in the future, her children will continue their education, attend the university and become professionals.

Gloria is an unwed mother of 2 children, aged 19 and 10. She works selling small animals and small house ware appliances at the local fairs; she has a lot of hope and is learning to run her own business. She dreams of owning her own small snack store and that her children continue their education to become professionals.

With their loan of 1300 soles, Gloria will invest her part of the loan into small appliances and small animals. Magna plans to invest her loan to purchase more candies and food to prepare for the teachers at the school where she sells candies. Reyna Placida plans to invest her part of the loan into increasing the variety of options her customers have at the snack shop.

In this group: Magna, Esperanza, Marina, Justina, Margarita, Reyna Placida, Marta, Carmen Edith, Lidia Ruperta, Gloria, Luisa, Rogelia Sebastiana

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