A loan of $2,475 helped a member pay children's school fees, buy guinea pigs and goats, etc.


Virgen De Fatima Group's story

The town of La Merced, where members of the "Virgen D. Fatima" Village Bank live and meet, is located in southern Churcampo Province in Huancavelica Department. The area is located at about 2,300 meters above sea level and has a hot, dry climate. The main economic activity is raising livestock, mostly goats and cows. There is little commerce in the area.

Vilma and Teresa are two members of the "Virgen D. Fatima" Village Bank. Vilma is married with five children between the ages of 8 and 23. Vilma buys and sells fruit, and has been working at this since she was 15 years old. She plans to use most of her loan of 400 soles to invest in her business, and the rest will go towards her children’s education. Her goals for the future are for her family to get ahead and for her business to continue to grow. She likes being able to save money with FINCA, and plans to use her savings to help her children and to invest in her business.

Teresa is a widow and has five children between the ages of 19 and 34. She sells "chancaca" (brown sugarloaf maD. from sugarcane), and also buys and sells fruit from time to time. With her loan of 200 soles, Teresa plans to start buying small animals like guinea pigs and goats. She would like for her children to join FINCA too, someday, so that they could start saving money, as she has. She plans to use her savings as an emergency fund in case she has any unexpected needs in the future

In this group: Vilma Maura, Elsa Delia, Perpetua, Octavia, Candelaria, Anatolia, Edmunda , Marcelina, Delfina, Alicia*, Victoria, Edith , Teodosia, Guillerma, Tereza Fortuna, Nieves Margarita, Delia
*not pictured



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