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Milagros Group
In this Group: Heraclia, Esther Eunice, Marcelina , Esther , Victoria, Brith Karen, Julia , Constantina , Gladys , Luz Mery , Noemi , Sandra, Faustina , Juana Felicitas, Trilce, Leny, Gracilda , Glicerio , Timoteo , Celia, Natalia , Benancia
The Milagros (Miracles) Communal Bank began its fourth cycle with 22 members. They engage in different retail businesses selling grain, clothing, groceries, cosmetics, vegetables, meats, and small animals.


The members need different loan amounts ranging from 300 soles, 600 soles, to 900 soles for a total of 13,600 soles to the entire Communal Bank.


Their loans will used to purchase wheat, barley, rice, sugar, milk, cosmetics, vegetables and small animals.


The members dream of expanding their businesses, having stable vending locations, owning their own homes, and educating their children so that they can become professionals.

View original language description ↓
El Banco Comunal Milagros inicia su Cuarto ciclo con 22 socias.

Las socias realizan diferentes negocios como la venta D. cereales, ropa, abarrotes en general, cosméticos, verduras, comidas, cereales, pescado, animales menores.

Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 900 soles haciendo un total D. 13,600 soles D. prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra D. trigo, cebada, arroz, azúcar, leche, cosméticos, verduras y animales menores.

Los sueños D. las socias son ampliar sus negocios, tener local estable, casa propia y que sus hijos tengan una buena educación y sean profesionales.

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

  • $6,715
    Average annual income
  • 126
    View loans »
    Peru Loans Fundraising
  • $56,142,000
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Milagros Group's $4,650 loan helped a member purchase wheat, barley, rice, sugar, milk, cosmetics, vegetables and small animals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2009
Listed
Aug 16, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010