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Rio De Oro Group
In this Group: Martina, Cirila, Fabiana, Rosa , Norma , Herminia, Esther , Heracleta, Rocio Karina, Modesta, Norberta, Juanita, Marcelina, Sonia , Lucia , Donatilda Cleofe, Marina, Teresa, Zenaida, Susana, Amelia, Liz Marivel, Basilia
The “Rio D. Oro” (River of Gold) communal bank, composed of 23 members from the Rio Seco neighborhood, is in its 4th loan cycle

The members are involved in a variety of commercial activities such as: cereal sales, general grocery sales, small farm animal raising, sale of crafts, clothing, fruits and vegetables; most of the members proviD. embroidery services.

Such is the case of Fabiana, 43. She’s married, has three children and runs a grocery store from her home; she sells assorted groceries like snacks and beverages every day. In addition, Fabiana embroiders belts, purses, and hair bands for an exporting firm. She will use the funds to buy sugar, soap and detergents.

Fabiana’s dream is to become a cosmetologist, stock her store and that her children go to university.

The members need various loan amounts: 300, 600, and 900 soles totaling 10,950 soles.
View original language description ↓
El Banco Comunal Rio D. Oro inicia su cuarto ciclo con 23 socias. Las socias son del barrio D. Río Seco.
Las socias realizan diferentes negocios como L. venta D. cereales, abarrotes en general, animales menores, artesanía, ropa, frutas, verduras y L. mayor parte D. las socias se dedican a brindar el servicio D. bordado.
Como es el caso D. L. Señora Fabiana que es casada, tiene 43 años y 3 hijos, Fabiana tiene una tienda en su casa en donD. venD. abarrotes en general, golosinas, bebidas, actividad que realiza todos los días. Además Fabiana se dedica al bordado D. correas, bolsas, vinchas, servicio que brinda a una empresa exportadora. Su préstamo será invertido en L. compra D. azúcar, jabón y detergentes. Los sueños D. Fabiana son estudiar cosmetología, surtir su tienda y que sus hijos estudien en L. universidad.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 900 soles haciendo un total D. 10,950 soles.

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rio De Oro Group's $3,875 loan helped a member to buy sugar, soap and detergents.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2010
Listed
Apr 12, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010