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Nueva Ilusión Group
In this Group: Vilma Elena , Rosa Victoria , Paulina , Ernestina , Margarita , Bertha , Lizbeth Karina, Florisa , Nelly Julia , Lucia , Eudosia , Alejandra , Susana
The Nueva Ilusión ("New Illusion") Village Bank has 13 members and is currently beginning its third loan cycle.

The group members have different businesses, and sell clothing, basic grocery items, grains, candy, vegetables, prepared meals and art.

For example, Nelly is 34 years old and married with two children. She sells basic grocery items on foot in the Abastos Market in the city of Ayacucho. She also sells catalog cosmetics to friends and family members.

Another group member, Susana, is 54 years old and married with six children. Susana runs a neighborhood grocery store from her home, which she opens seven days a week. She also sells prepared meals on Mondays at the Nazarenas market.

The group members are requesting different loan amounts, such as 300, 600 or 900 soles. In total, the village bank is requesting a loan of 6,700 soles. Group members will use their loans to buy vegetables, sugar, rice, milk, clothing, wool and dyes.

Some of the group members' dreams are to expand their businesses in order to better support their families, to proviD. their children with a good education, and to own their own homes.
View original language description ↓
El Banco Comunal Nueva Ilusión inicia su tercer ciclo con 13 socias.

Las socias realizan diferentes negocios como la venta D. Ropa, abarrotes en general, cereales, golosinas, verduras, comidas y artesanías

Como es el caso D. Nelly que es casada, tiene 34 años y 2 hijos, Nelly venD. abarrotes en general D. manera ambulatoria en el mercado D. abastos D. la ciudad D. Ayacucho, además Nelly venD. cosméticos por catálogos que ofrece a amigos y familiares.

Mientras que Susana es casada, tiene 54 años y 6 hijos, Susana tiene una tienda D. abarrotes en su casa, actividad que realiza todos los días, además Susana venD. comida los días lunes en la feria D. las Nazarenas.

Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 900 soles haciendo un total D. 6,700 soles D. prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra D. verduras, azúcar, arroz, leche, ropa, lanas, tintes.

Los sueños D. las socias son ampliar sus negocios para el sustento D. sus familias, brindar una buena educación a sus hijos y tener casa propia.

Additional Information

About FINCA Peru

This loan is administered by FINCA Peru, one of Kiva’s Field Partners in Peru. FINCA Peru is dedicated to empowering socially and economically disadvantaged women in Peru, contributing to the development of their families, and building sustainable communities.

In 1990, FINCA Peru began by lending to a small group of women widowed by the Shining Path terrorist movement in Ayacucho. Beyond loans and financial services, FINCA offers business development training, personal and family development training, gender empowerment sessions, life insurance products, and financial and social literacy sessions for the children of borrowers. Visit FINCA Peru’s Kiva Field Partner page to learn more.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $12,000
    Average annual income
  • 101
    View loans »
    Peru Loans Fundraising
  • $58,002,425
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión Group's $2,250 loan helped a member buy vegetables, sugar, rice, milk, clothing, wool and dyes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2009
Listed
May 26, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009