Such is the case of Sra. Rosa, who serves as the Communal Bank auditor. Rosa is 26 years old, single, and lives with her parents. She travels to different fairs in the region to buy grain and then sells it at the city market in Ayacucho. Rosa also buys animals to sell at the city animal fair. Her loan will be invested in the purchase of grain. Rosa dreams of building her own house in Ayacucho and buying a plot of land where she can plant crops.
The members need different loan amount ranging from 300 PEN, 600 PEN, to 750 PEN, for a grand total of 12,100 PEN to the entire Communal Bank.
Las socias realizan diferentes negocios como la venta D. animales menores, lácteos, abarrotes en general, cereales, quesos y la agricultura.
Como es el caso D. la Señora Rosa que es fiscal D. su Banco Comunal, Rosa es soltera y tiene 26 años, vive con sus padres, Rosa viaja a las diferentes ferias D. la región en donD. compra cereales los cuales comercializa en los mercado D. la ciudad D. Ayacucho. Además Rosa compra animales que venD. en la feria D. animales D. la ciudad. Su préstamo será invertido en la compra D. cereales. Los sueños D. Rosa son construir su casa, comprar un terreno para sembrar y construir su casa en la ciudad D. Ayacucho.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 750 soles haciendo un total D. 12,100 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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