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Los Andes Group
In this Group: Irene, Jeorgina, Anaberta, Juana, Victoria, Maria Raymunda, Maria Cristina, Alicia , Elizabeth , Roberta, Dina , Prudencia, Yobana Edith, Elizabeth , Uldarica, Tito Silvia
The Los Andes community bank is starting its fourth cycle with 16 members. The members engage in a range of businesses selling products and services such as fruits, cheeses, vegetables, salchipapas, miscellaneous grocery products, ice cream, firewood, clothing, grain and taxi services.


Irene, for example, 47 and married, sells fruit in the 12 D. abril market, work that she does every day. She needs a 300-soles loan to buy fruit for resale. Her fellow member, Jeorgina, 47 and partnered, works as a street vendor, selling cheeses at the new bridge. Jeorgina needs a 300-soles loan that she will use to buy cheese for resale.


The members need different amounts of credit--300 soles, 450 soles, 600 soles, 1050 soles--that add up to a total of 11,700 soles, the amount the community bank is applying to borrow. The loan will be used to buy fruit, cheeses, vegetables, rice, sugar, milk, cooking oil, potatoes, ice cream, firewood and wheat for resale.


The members dream of seeing their children finish school and start professional careers; owning their own homes; and expanding their businesses.

View original language description ↓
El Banco Comunal Los Andes, inicia su cuarto ciclo con 16 socias.

Las socias realizan diferentes negocios como la venta D. frutas, quesos, verduras, salchipapas, abarrotes en general, helados, leña, ropa, cereales, tubérculos y transporte D. pasajeros.

Como es el caso D. la señora Irene que es casada y tiene 47 años, Irene venD. frutas en el mercado 12 D. abril, actividad que realiza todos los días, Irene necesita un préstamo D. 300 soles dinero que será invertido en la compra D. frutas.

Mientras que Jeorgina es conviviente y tiene 47 años, Jeorgina se dedica a la venta D. quesos D. manera ambulatoria en el puente nuevo. Jeorgina necesita un préstamo D. 300 soles dinero que será invertido en la compra D. quesos.

Las socias necesitan diferentes montos D. prestamos como 300 soles, 450soles, 600 soles, 1050 soles haciendo un total D. 11,700 soles D. prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra D. frutas, quesos, verduras, arroz, azúcar, leche, aceite, papa, helados, leña y trigo.

Los sueños D. las socias son que sus hijos culminen sus estudios y sean profesionales, tener casa propia, ampliar su negocios.

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
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,912,525
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Andes Group's $4,100 loan helped a member buy products for resale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2010
Listed
Feb 5, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010