A loan of $4,200 helped a member for the purchase of sheep, sand, guinea pigs, chickens, sugar, rice, noodles, small animals, tara, tuna and pay for the workers.


Virgen Del Carmen Group's story

The bank Virgen del Carmen begins its 17th cycle with 19 members. The associates are from the district of Pacaycasa, located 30 minutes from the city of Ayacucho.

The members have different businesses such as the production of bricks, animal sales, general groceries, fruit, cochineal insects, Tuna (a form of cactus), tara powder and cosmetics.

In the case of Zosima; she is 39 years old, married and has 2 children. Zosima and her husband buy and sell livestock, they buy it in the various fairs and towns and then sell in the San Juan fair. Zosima needs a loan of 600 soles, money which will be invested in the purchase of sheep.

On the other hand, Petronila is 38 years old, married and has 3 children. Petronila and her husband make a living manufacturing handcrafted bricks, and sell them in their community. Additionally, Petronila during Tuna cactus season, takes this fruit to the city of Lima.

In the meantime Francisca is 60 years old, married with 7 children. Francisca travels to the different towns where she buys guinea pigs and chickens that she later sells to restaurants. Also, Francisca grows tara, which she sell to intermediaries.

The partners need different loan amounts such as 300 soles, 600 soles, 900 soles 1000 soles, totaling to a loan of 13,250 soles in the Community Bank.

Their loan proceeds will be invested in the purchase of sheep, sand, guinea pigs, chickens, sugar, rice, noodles, small animals, tara, tuna and pay to the workers.

The dreams of the members are to have their own capital, proviD. a good education and good nutrition for their children, grow their businesses and live well with their families.

In this group: Petronila , Zosima , Dina , Julieta , Irene , Nicolaza , Marcelina Tulia , Felicitas , Francisca , Gladis , Marciano , Maribel , Esther , Geovana Noemi , William , Mery , Olimpia , Marcelino , Flora

Translated from Spanish by Kiva volunteer Laura Bobbit



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