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Los Saucos Group
In this Group: Maxima, Antonia, Fortunata, Domenica Julia, Alicia, Maruja Elena, Constanza Andrea, Bertha , Antonia , Patricia, Judith Cynthia, Dominga, Prodencia, Juana, Edilicia, Aurea
The communal bank "Los Saucos" is starting its eighth cycle with 16 members; they are from the community of Pampalca, district of San Pedro D. Coris, Department of Huancavelica. The members are engaged in different types of business such as selling vegetables, cheeses, grains, small farm animals, and clothing as well as agriculture and cattle farming.

For instance, Sra. Julia is married and has eight children. Julia works in the manufacture of clothing based on loom-woven fabrics; she buys the wool in Huancayo. Her loan will be used for the purchase of wool and to have the loom fixed.

Julia's dream is to educate her children and also to purchase a plot of land to build a new house. She needs to do this because her present house may start to crumble soon.

The members need loans in different amounts such as 200 soles, 300 soles, 500 soles, and 600 soles, totalling 8200 soles in loans to be disbursed by the communal bank.
View original language description ↓
El Banco Comunal Los Saucos inicia su octavo ciclo con 16 socias, las socias son D. la comunidad D. Pampalca, Distrito D. San Pedro D. Coris, Departamento D. Huancavelica.
Las socias realizan diferentes negocios como la venta D. animales menores, quesos, cereales, verduras, ropa, agricultura y ganadería.
Como es el caso D. la Señora Julia que es casada y tiene 8 hijos, Julia se dedica a la confección D. prendas D. vestir a base D. tejidos y también telar, la lana los compra D. Huancayo, su préstamo será invertido en la compra D. lana y para hacer arreglar su telar. Los sueños D. Julia son comprar un terreno para construir otra casa, porque la que tiene esta por derrumbarse y educar a sus hijos.
Las socias necesitan diferentes montos D. préstamo como 200 soles, 300 soles, 500 soles, 600 soles haciendo un total D. 8,200 soles en prestamos en el Banco Comunal.

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

  • $12,000
    Average annual income
  • 106
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Saucos Group's $2,875 loan helped a member purchase of wool and loom repairs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 6, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010