San Juan Bautista De Cayara Group

Dina, Reyna Marta, and Eufemia are three members of the San Juan Bautista de Cayara Village Bank.

Dina is married but separated with two children who are 6 and 12 years old and currently attend school. Dina sells dry goods from a small store, and would like to expand her businesses and sell ground grains. She is requesting a loan of $65 (200 PEN), which she plans to use to buy grains, whole and ground, to bring to the Canaria Mine to sell. She is grateful to work with FINCA; she says it provides a good opportunity to save and to continue to expand her business. Her goals for the future are to provide her children with a good education, improve her business, and get ahead in life. She is saving for her children’s education.

Reyna Marta is married and has three children who are 7, 9, and 12 years old. Reyna sells sweets outside several local schools. She also sells lunch to teachers and to workers who are installing an irrigation canal in her community. She is requesting a loan of $65 (200 PEN) to buy more sweets to sell and start running her lunch counter from a kiosk in the town’s main plaza. Reyna’s dream is to move her family to a city with more opportunities and open up a business in the city of Huamanga. FINCA has helped her save money for herself and for her children. Like Dina, Reyna is saving up for her children’s education. She says her husband plans to start saving, too.

Eufemia lives with her partner and their three children, who are 1, 4, and 9 years old and are all in school. She is involved in Cayara’s local government, and also runs a small store and sells household supplies. She is requesting a loan of $200 (600 PEN), which she will use to buy more products for her store and to help jump-start her savings. Eufemia says that when she first heard that FINCA was coming to Cayara she didn’t believe it, but it did indeed come, and is helping community members to save, which she likes. Eufemia says that her businesses are doing well, and she knows she will get ahead in life. Eufemia dreams that her children will go to college someday. She wants to leave her village to provide her children with a better education. Like Dina and Reyna, she is saving up for her children’s education.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more