Las Dorcas De Pomacocha Group
Zenaida is married and has five children. She sells groceries and vegetables (from her land) during fairs held throughout the region, and sells CDs that she buys in Lima with the help of her children. She would like to use the loan to buy mO. groceries and seeds. Zenaida dreams of educating her children and making them qualified professionals.
Another member, Elena, is married and has four children. She has a small shop at her house, where she buys and sells small animals and grains, which she acquires from surrounding communities. With the loan, Elena will buy mO. groceries and small animals. Elena aspires to educate her children and expand her business.
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