Such is the case with Sra. Odilia, the Communal Bank president. Odilia is 63 years old, married, and has three children. She sells honey that she acquires from different villages in the region. Her products are sold to institutions and markets. In addition, she sells undergarments to different customers. Her loan will be invested in the purchase of honey. Odilia dreams of improving her business and seeing her youngest daughter finish her degree in accounting.
The members need different loan amounts ranging from 450 PEN, 600 PEN, to 900 PEN, for a grand total of 13,600 PEN to the entire Communal Bank.
Las socias realizan diferentes negocios como la venta D. ropa, frutas, comida, lencería, juguetes, mercería, miel D. abeja y artesanías.
Como es el caso D. la Señora Odilia que es la presidenta del Banco Comunal, Odilia es casada, tiene 63 años y 3 hijos, Odilia venD. miel D. abeja que compra en los diferentes pueblos D. la región, sus ventas los realiza en instituciones y mercados. Además Odilia venD. ropas interiores que ofrece a diferentes clientes. Su préstamo será invertido en la compra D. miel. Los sueños D. Odilia son mejorar su negocio y que su ultima hija culmine sus estudios D. Contabilidad.
Las socias necesitan diferentes montos D. prestamos como 450 soles, 600 soles, 900 soles haciendo un total D. 13,600 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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