Santa Catalina Group
Octavia lives with her partner and has three children. Octavia sells various clothes in her district. She began with only a few assorted products and now her business has grown. With the loan she hopes to obtain, she will buy more clothes to diversify her business. The dreams of Octavia are to obtain more products and to support her children in becoming professionals.
Donatilda is married and has two children, aged 12 and 14. Donatilda buys and sells smaller animals, like chickens and guinea pigs. Her loan will be invested in the buying of chickens and guinea pigs. The dreams of Donatilda are to have more capital and to buy large animals and support her children in their education.
Maribel is married and has four children. Maribal started selling fish and, with her first loan, she changed her business to sell clothes at fairs. With the loan she hopes to obtain, she has plans to buy a broader variety of clothes. The dreams of Maribel are to buy a loom in order to make sweaters and to finance the education of her children.
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