The members of the bank are involved in different activities, like Flora who is married with an 8-year-old son. Flora has a stO. in her house, where she sells basic groceries. Flora started this stO. when she was young. The loan she hopes to get will be invested in the buying of mO. merchandise to sell in her stO.. Flora dreams of her son becoming a professional.
Felicitas is married and has two children, 10 and 12 years old. Felicitas has a grocery stO. in her house, where she also has Internet stations. Her children help her in their free time. With the loan she hopes to obtain, she is going to invest in buying mO. groceries. Felicitas aspires to move forward and to raise her children well.
Marisol lives with her partner and has an 8-year-old son. Marisol has a car with which she transports passengers and sells groceries at different fairs in the region. At the fairs she also buys cereals. With the loan Marisol hopes to obtain, she has plans to buy groceries and cereals. Marisol dreams of saving up money and educating her son.
About FINCA PeruThis 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.
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Success!! The loan was 100% repaid