Urpicha Ii Group

Thank you for your loan. It has been disbursed to Urpicha II Group, consisting of Fabiana , Marina , Osmaldina , Delicia , Guillermina , Maria Irene , Liliana , Tabiña , Viety , Lidia , Melva Luz , Sthefany, Haydee , Herlinda , Martina , Clina , Manuela , Cynthia , Yolanda , Constantina by FINCA Peru in Peru. We are excited to watch this business grow. Over the 3 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

The Urpicha Communal Bank begins its 39th cycle with 20 members. I was able to catch up with a few of its members to see how the loan cycle treated their respective businesses.

For Guillermina, she invested her loan in chickens, as she buys and sells them in the local markets. Her business has been going well, and she has only had trouble making loan repayments when there are strikes in the region. The loan has helped her to build her business, have more merchandise to sell, and build capital. She hopes to change businesses soon however, and open a sewing shop. Guillermina’s favorite thing about FINCA is the community bank meetings they hold every week.

Lidia used her portion of the loan to augment her small grocery shop. Her business is going well, and she also only has trouble making loan repayments during strikes, when it is more difficult to travel. She invested the loan in to her business, expanding the variety of products she sells, which has been a huge help. She hopes to continue working diligently. Lidia’s favorite things about FINCA are how easy it is to take out a loan, and how she always learns something at every community bank meeting.

Herlinda used her portion of the loan to augment her business selling cosmetics. Her business has been going well and she has more products to sell; although she, too, has trouble making loan repayments during strikes. The loan has helped her bring herself up, economically. She hopes to continue in her studies and eventually open her own clothing shop. Herlinda loves working with FINCA because of how easy they make the loan process.

Below is a photo taken last week of Urpicha II Group.

FINCA Peru's Mission is to contribute to the empowerment of social and economically disadvantaged women in Peru. By facilitating the integral development of human capacities, FINCA Peru promotes the development of the entrepreneurial spirit within each of its clients. Its mission is to strengthen the social discipline of women through the daily practice of positive values such as equity, solidarity, respect, responsibility and honesty. Check out more FINCA Peru borrowers here!