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Los Olivos Group
In this Group: Nuria Estela, Odilia, Teodosia, Miriam , Ethid , Gloria , Llesy Lis, Clunia Venita, Clara Virginia, Nelly , Hilda , Aurora , Yoby , Edith Sherly , Teresa , Nelly , Juan Luis , Eber , Natalia , Marlon Antonio, Jorge Luis
The Los Olivos communal bank starts its 4th loan cycle with 21 members who live in the Los Olivos association.
The members have different businesses such as the sale of juices, groceries, cosmetics, food, cheeses, jewelry, root vegetables and small livestock.
For example: Odilia is married, 57 years old and has 8 children. Odilia has a store in her house where she sells basic goods and drinks, which is something she does with the help of her children.
Nuria is single, 47 years old and has 4 children. Nuria has a convenience store in her house where she sells basic goods and in addition, at night sells salchipapas (fast-food dish of fried hot dogs and french fries) from the store. Nuria also sells juices in the central market with the help of her daughter.
The members need different loan amounts from the communal bank. Their loans will be used to buy rice, sugar, a variety of fruit, oil, meat, small livestock and cosmetics.
The members dreams are to improve their businesses and that their children finish their schooling and have stable businesses.
View original language description ↓
El Banco Comunal Los Olivos inicia su cuarto ciclo con 21 socias, las socias viven en L. Asociación Los Olivos.

Las socias realizan diferentes negocios como L. venta D. jugos, abarrotes en general, cosméticos, comida, quesos, joyas, tubérculos, animales menores.

Como es el caso D. Odilia que es casada, tiene 57 años y 8 hijos, Odilia tiene una tienda en su casa en donD. venD. abarrotes en general, bebidas, actividad que realiza con L. ayuda D. sus hijos.

Por otro lado Nuria es soltera, tiene 47 años y 4 hijos, Nuria tiene una bodega en su casa en donD. venD. abarrotes en general, además por las noches venD. salchipapas en L. puerta D. su tienda. También Nuria venD. jugos en el mercado central para lo cual cuenta con L. ayuda D. su hija.

Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 900 soles haciendo un total D. 11,850 soles D. prestamos en el Banco Comunal.

Sus prestamos serán invertidos en L. compra D. arroz, azúcar, frutas, variadas, aceite, carne, animales, menores, cosméticos.

Los sueños D. las socias son que sus negocios mejoren, sus hijos culminen sus estudios y tener negocios estables.

Additional Information

About FINCA Peru

This 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.

About Peru

  • $12,000
    Average annual income
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Olivos Group's $4,050 loan helped a member buy rice, sugar, a variety of fruit, oil, meat, small livestock, and cosmetics.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 16, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 30, 2009