The members have different businesses selling food, fruit, clothing, small animals, and spare parts. The majority of them grow vegetables.
One example is Sra. Maria who is 42 years old, married, and has seven children. Maria and her husband grow vegetables and then sell them at the local farmer’s market.
Elizabeth is 44 years old, married, and has four children. She grows vegetables and also raises small animals such as guinea pigs and chickens, which are sold at the fairs and markets in Ayacucho.
The members need different loan amounts ranging from 300 soles, 450 soles, 600 soles, to 900 soles. The entire Communal Bank will receive a total of 11,350 soles in loans. The money will be used to buy guinea pigs, seeds, compost, clothing, fruit, sugar, rice, and meat. Some of the money will be used to pay workers’ salaries.
The members have dreams of seeing their children finish their education, making home improvements, and building up their own capital.
Las socias realizan diferentes negocios como la venta D. comida, frutas, ropa, animales menores, repuestos, y la mayor parte a la agricultura D. verduras.
Como es el caso D. la señora Maria que es casada, tiene 42 años y 7 hijos, Maria junto a su esposo se dedica a la agricultura D. verduras, sus ventas los realiza en el mercado D. abastos D. la ciudad.
Mientras que Elizabeth es casada, tiene 44 años y 4 hijos, Elizabeth se dedica a la agricultura D. verduras, además se dedica a la crianza D. animales menores como cuy y gallina que venD. en los recreos y mercados D. la ciudad D. Ayacucho.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 450 soles, 600soles, 900 soles haciendo un total D. 11,350 soles D. prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra D. cuy, semillas, abono, ropa, frutas, azúcar, arroz, carnes y para el pago D. peones.
Los sueños D. las socias son que sus hijos culminen sus estudios, mejorar su casa, tener capital propio.
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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