Check out some available loans that are similar to this one!
Corazón Finca Group
In this Group: Alicia, Lida, Ines, Rogelio, Ana Maria, Obdulia, Delfina, Santos, Donato, Soledad Luz
The Bancomunal Corazón FINCA, located in the community of Palca, department of Huancavelica, is beginning its third cycle, with 10 members who are all artisans.

Alicia has four children, the oldest being 10-years-old and the youngest 4, and lives with her partner. Alicia hand-knits sweaters, chullos (caps maD. of very warm yarn, typical of Perú), and different types of garments. Her business helps with household expenses, and she takes advantage of craft fairs to sell her products. Little by little her business has grown thanks to the support she receives from her family. She will take advantage of this loan that she has requested to buy yarn at wholesale prices. Her dream is to have her own shop to be able to sell her merchandise.

Lida is married, has two children ages 8 and 6, who study in the community school. Lida works knitting and raising guinea pigs. She started her business knitting sweaters, shawls, and stockings at the request of her friends. She did all types of knitting in order to help her husband with household expenses. With her first loan, she bought colored yarn, and in this way increased her merchandise and sales. Her dream is to sell her products in large markets.
View original language description ↓
El Bancomunal Corazón FINCA, ubicado en L. Comunidad D. Palca se encuentra en el departamento D. Huancavelica, inicia su tercer ciclo con 10 socias, las cuales se dedican al negocio D. las Artesanías.

Alicia es conviviente, tiene 4 hijos el mayor D. 10 años y el más pequeño D. 4 años, Alicia realiza tejidos a mano como chompas, chullos (gorros D. lana muy abrigadores, típicos D. Perú) y diferentes tipos D. prendas, con su negocio ayuda con los gastos D. casa, aprovecha las ferias para L. venta D. sus productos. Poco a poco su negocio ha ido incrementándose gracias al apoyo que recibe D. su familia. Aprovechará el préstamo que ha solicitado para comprar lanas al por mayor, en cantidad. El sueño D. Alicia es tener una tienda en lugar fijo donD. vender su mercadería.

Lida, es casada, tiene 2 hijos D. 8 y 6 años, los cuales estudian en L. escueL. D. L. Comunidad, Lida se dedica al tejido y a L. crianza D. cuyes. Se inició en el negocio tejiendo chompas, chalinas, medias a pedido D. sus amistades, hacia todo tipo D. tejido por necesidad para poder ayudar a su esposo con los gastos D. L. familia, con el primer crédito que recibió compró lanas D. colores, así fue incrementando su mercadería y sus ventas. Su sueño es distribuir su mercadería en mercados grandes.

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
  • 68
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Corazón Finca Group's $1,800 loan helped a member wholesale purchase of colored yarn.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2010
Listed
May 16, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010