Viriginia is a single mother with six children, ranging in age from 5 to 20. She previously sold sheep’s head soup on the street corner and had little capital. A neighbor invited her to join one of the Communal Banks associated with FINCA. She has now participated in two loan cycles as a member and is thankful for the loans she has received. The seminars have been a great help to her business, but now she does not sell as much because of the constant rains. At least she sells just enough to allow her family to eat. The loan she is requesting will be used to buy groceries, dishes, and a table. Her dreams incluD. seeing her children become professionals, opening a restaurant, and owning a home.
Martha is in a common law marriage and has eight children, ranging in age from 10 months to 20 years. She did not know anything about business, but when she arrived in Lircay two years ago, she learned how to prepare and sell “anticuchos” (skewered meats). Now with these new loans, she wants to expand her business by selling beverages maD. of apples and maca root in order to support her eight children. Martha also offers to wash clothes whenever business is slow because of the rains.
Virginia, es madre soltera, tiene 6 hijos, el menor D. 5 años y el mayor D. 20, antes Virginia vendía caldo D. cabeza (cabeza D. carnero) en una esquina D. la calle, tenía poco capital, su vecina le invitó a participar D. un bancomunal en FINCA, ahora ya tiene 2 ciclos como socia y agradece los préstamos recibidos y las charlas que le ayudan en su negocio, por ahora no venD. mucho por las lluvias que son constantes, pero al menos venD. alguito para poder comer, con el préstamo que solicita va a comprar abarrotes, platos y una meza. Su sueño es que sus hijos sean profesionales, tener un restaurant y una casa.
Martha, es conviviente, tiene 8 hijos, el más pequeño D. 10 meses y el mayor D. 20 años, Martha no sabía nada D. negocios, cuando llegó a Lircay aprendió y recién hace 2 años venD. anticuchos, ahora con los nuevos préstamos quiere incrementar su negocio vendiendo refrescos como agua D. manzana y maca. Para poder mantener a sus 8 hijos, Martha se ayuda lavando ropa pues el negocio D. venta está bajando por las lluvias.
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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