The group members have different businesses, such as a fish market, candy store, notions store, general store, clothing store, grain sales, firewood sales, internet café, and an auto mechanic shop.
In Mary’s case, she is a 37-year-old married mother with 4 children. She has an internet café at home. Additionally, she sells desk supplies and candy with the help of her husband.
Yuli, on the other hand, is a 37-year-old single mother with 3 children. She sells fish, distributing it wholesale at the fish market.
The members need different loan amounts—anywhere from 300.00 PEN, to 600.00 PEN, to 1,050.00 PEN—for a total of 8,550.00 PEN from their microfinance institute.
The loan will be invested in purchasing fish, cookies, candy, desk supplies, rice, sugar, and firewood.
The group members dream of having a wholesale bookstore, of seeing their children become professionals, and of improving their businesses.
Las socias realizan diferentes negocios como L. venta Pescado, golosinas, mercería, abarrotes en general, ropa, cereales, leña y brindan servicio mecánico, cabinas D. Internet.
Como es el caso D. Mary es casada, tiene 37 años y 4 hijos, Mary tiene cabinas D. Internet en su casa, además venD. útiles D. escritorio y golosinas, actividad que realiza con L. ayuda D. su esposo.
Mientras que Yuli es soltera, tiene 37 años y 3 hijos, Yuli venD. pescado, reparte al por mayor en el terminal pesquero.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 1050 soles, haciendo un total D. 8,550 soles D. prestamos en el Banco Comunal.
Sus prestamos serán invertidos en L. compra D. pescado, galletas, caramelos, materiales D. escritorio, arroz, azúcar y leña.
Los sueños D. las socias son tener una librería por mayor, sus hijos sean profesionales, mejorar sus negocios.
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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