Maria is a single mother with one 6-year-old daughter. Maria began her business selling dairy products, and now she has a shed where she obtains milk and later produces cheese and butter, products that she sells in the Churcampa fair. Also, she buys and sells grain. With the loan, she will buy more grain. Maria’s dream is to have her own vacation in Pamparaccay, and she is saving for her daughter’s Christmas gifts.
Felicitas is married and has four children. She buys cheese in the fairs and in her community. Afterwards, she sells them in the Churcampa fair, and she also buys and sells small animals. She will use the loan to buy more small animals and cheese. Felicitas’ dreams are to buy a shed to produce dairy products and buy the things that she needs for her home.
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