Such is the case of Sra. Edith. She is 32 years old, in a common law marriage, and has two children. Edith has a grocery store in her home that she manages every day. She needs a loan of 600 soles in order to buy rice and sugar.
Delia is 38 years old, in a common law marriage, and has two children. She buys and sells firewood from her home and also delivers her product to businesses. Delia needs a loan of 900 soles in order to acquire more firewood.
The members need different loan amounts ranging from 300 soles, 600 soles, to 900 soles, with a grand total of 14,350 soles for the entire Communal Bank. Their loans will be used to buy products such as rice, sugar, firewood, oil, vegetables, grain, ice cream, and cosmetics. They dream of building homes of solid materials, expanding their businesses, and helping their children become professionals.
Las socias realizan diferentes negocios como la venta de abarrotes en general, cereales, leña, helados, comidas, cosméticos, artículos de ferretería.
Como es el caso de la señora Edith que es conviviente, tiene 32 años y 2 hijos, Edith tiene una tienda en su casa en donde vende abarrotes en general, actividad que realiza todos los días, Edith necesita un préstamo de 600 soles dinero que será invertido en la compra de arroz, azúcar.
Mientras que Delia es conviviente, tiene 38 años y 2 hijos, Delia se dedica a la compra y venta de leña en su casa y también reparte a los negocios, Delia necesita un préstamo de 900 soles dinero que será invertido en la compra de leña.
Las socias necesitan diferentes montos de prestamos como 300 soles, 600soles, 900 soles haciendo un total de 14,350 soles de prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra de arroz, azúcar, leña, aceite, verduras, cereales, helados, cosméticos.
Los sueños de las socias son construir sus viviendas con material noble, ampliar sus negocios y que sus hijos sean profesionales.
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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