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Santa Lucia Group
In this Group: Olga, Paulina , Felipa, Maximo, Gueddy, Zenaida, Amalia, Sonia, Alejandra, Marcela, Albina, Angelica , Sabina
The communal bank Santa Luisa is located Yauli district, department of Huancavelica. It is starting its sixth cycle with 13 members. Most of its members make and sell handicrafts.

Olga is married and has two children, 10 and 8 years old. Both of them go to the community school. Olga started her business by making her weavings to order, but now she takes her weavings to various fairs in the community, especially the Sunday fairs. Since she started with Finca, she has learned how to save, thanks to the trainings she has received. The loan that she is asking for will be used to purchase merchandise wholesale for her business, such as wool in various colors. Olga also wants to purchase a bed for her children with the loan. Her dream is to have a business association with artesans.
View original language description ↓
El Bancomunal Santa Luisa esta ubicado en el distrito D. Yauli, departamento D. Huancavelica, inicia su sexto ciclo con 13 socias. L. mayoría D. sus socias se dedican a L. elaboración y venta D. artesanía.

L. Sra. Olga, es casada tiene 2 hijos D. 10 y 8 años, ambos estudian en L. escueL. D. L. comunidad. Olga inició su negocio elaborando tejidos a pedido, ahora lleva a vender sus tejidos a diferentes ferias que se realizan en L. comunidad, sobre todo las ferias que se realizan los domingos. DesD. que se inició con Finca ha aprendido a ahorrar gracias a las capacitaciones que ha recibido. El préstamo que solicita lo utilizará para L. compra al por mayor D. mercadería para su negocio como lanas D. variados colores, Olga también desea comprar con su préstamo una cama para sus hijos. Su sueño es tener una asociación D. negocio con artesanos.

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
  • 130
    View loans »
    Peru Loans Fundraising
  • $57,372,500
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Lucia Group's $2,550 loan helped a member the members of Yauli want to invest their loan in purchasing wool in different colors and threads for making handicrafts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 29, 2010