Obelisco Group

Thank you for your loan. It has been disbursed to the Maria Donatilda Robles Aguado group, consisting of Maria Donatilda, Yolanda, Juana, Nelva Marilu, Faustina, Rosario, Maria Lidia, Felicitas, Bertha Beatriz, Victoria Vicenta, Ania Mayra, Cleofe, Edna Liz, Lucia, Feliciano, Ana Maria, Delfina, Florinda, Felicitas by FINCA Peru in Peru. We are excited to watch this business grow. Over the 5 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

The Obelisco Village Bank is made up of mostly women, and all of the members are from Quinua, a town located about an hour from the city of Ayacucho.

This is Obelisco Village Bank’s second loan on Kiva. During their communal bank meeting, I was able to catch up with a couple of the borrowers from Obelisco. They updated me on how their respective businesses have been since receiving the loan.

Yolanda is an artisan, so she used her portion of the loan to purchase materials with which she can make purses, wallets, and art made from carved stone. She has been receiving loans from FINCA for over 8 years and the loans help her significantly, giving her capital to continually funnel in to her business. Simply put, Yolanda buys more with a loan, and as a result, she sells more. She dreams of building her own home. Yolanda’s favorite thing about working with FINCA is the team spirit of her communal bank, she believes they all rely on each other and bring each other up.

Mary used her portion of the loan to purchase more merchandise for her convenience store. She was able to increase the variety of products she sells. The business has only improved slightly, but she says the loan allows her to have more flexibility in what she purchases for her store. Her dream is that her children become professionals one day, and that she will eventually own a large and successful business. Mary’s favorite thing about working with FINCA is the solidarity she feels with the other members of her communal bank.

Faustina used her portion of the loan to augment her restaurant by purchasing chicken, soft drinks, napkins, and more. She is happy to report that her business has improved significantly recently. She has been able to grow her capital and thus, she has more to work with at her restaurant. Her dream is for her children to continue their studies and become professionals one day.

Below is a photo of Obelisco Group, taken last week.

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!