Funded

Total loan: $4,100
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Paz Y Amor Group

Peru
Ayacucho, Peru / Retail

A loan of $4,100 helped a member to purchase rice, sugar, meat, fruit, and drinks and to pay workers' salaries.


Paz Y Amor Group's story

The “Paz y Amor” (“Peace and Love”) Community Bank is beginning its fourteenth loan cycle with twenty members. The group is from the Pacaycasa district, located forty minutes from the city of Ayacucho.

The group's members have businesses which sell a variety of items, such as general merchandise, meat, vegetables, fruit, drinks, tara seeds (used to make tannic acid and starch), pill bugs (used to make ink), and bricks.

For example, Reyna is a 29-year-old mother of one daughter who lives with her common law husband. She has a shop in her home where she sells groceries. She also purchases tara seeds and pill bugs to later sell to intermediaries.

On the other hand, Demetria is married, 33 years old, and has three children. Together with her husband, Demetria makes artisanal bricks and fires them in rented ovens.

While Paulina is 39-years-old, has five children, and lives with her common law husband. Paulina sells beer and soft drinks from her home. On Sundays, she also sells food at the local sports stadium.

The group's members need differing loan amounts (300, 450, or 600 Peruvian nuevos soles), for a grand total of 12,950 nuevos soles to be loaned to the community bank.

The loans will be invested in the purchase of rice, sugar, meat, fruit, and drinks and to pay workers' salaries.

The bank's members dream of expanding and stocking their businesses, buying computers for their children, having other businesses, and providing their children with good educations.

In this group: Guillermina , Lucia , Marcelina, Guillermina , Amanda , Paulina , Juan Carlos , Reyna , Sonia , Vitaliano , Vicente , Paulina Marcelina , Haydee , Ynes , Demetria , Crescenciano , Sergio , Miguel , Soledad , Haydee
*not pictured

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Translated from Spanish by Kiva volunteer k vickery



Loan details

Loan length:

8 months
Disbursed date: March 19, 2009

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: March 19, 2009