An example is Lucia, the president of the communal bank. She is 40 years old and has 6 children. She travels to wholesale markets in the region and buys grains, which she then sells in the markets of Ayacucho. She operates this business with the help of her daughter. Lucia will invest her loan in the purchase of a variety of clothing to sell. Lucia’s goals are to see her children finish school, and to improve her business.
The members of the Huascahura communal bank need different amounts of loans for their businesses, such as 300 soles, 600 soles, 900 soles, etc. In total, they are seeking a loan of 8,200 soles.
Las socias realizan diferentes negocios como L. venta D. carne, animales menores, cereales, abarrotes en general, ropa, elaboración D. artesanía y transporte D. pasajeros.
Como es el caso D. L. Señora Lucia que es L. presidenta del Banco Comunal, Lucia tiene 40 años y 6 hijos, Lucia viaja a las diferentes ferias D. L. región en donD. venD. frutas, ropa y D. las feria compra cereales que venD. en los mercados D. L. ciudad D. Ayacucho, actividad que realiza con L. ayuda D. su hija. Lucia invertirá su préstamo en L. compra D. ropa variada.
Lucia sueña con que sus hijos culminen sus estudios y mejorar su negocio.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 900 soles haciendo un total D. 8,200 soles.
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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