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Muyurina Group
In this Group: Lidia, Felix, Clementina, Maria Virginia, Cleofe, Haydee, Hector Luis, Rosa Natividad, Julia Luz, Norma , Pamela, Marlene, Edwin, Gloria Esther, Raquel , Zulema, Luis , Maria
The communal bank Muyurina begins its 19 cycle with 18 members from the community of Muyurina, located about 20 minutes outsiD. of Ayacucho. Muyurina sits in a small valley and most of its residents work growing vegetables. Raquel is now the president of the communal bank, and during her time with the bank she's learned about values and saving. Raquel is 34 years old, and married with 2 children ages 6 and 8. They live in the home of her inlaws. Raquel's dream is be able to construct their own home, which is why she is saving with the communal bank. Together with her husband, Raquel works cultivating lettuce and cilantro, though they do not have their own land. Their products are then transported to the city of Ayacucho where they are sold wholesale in the market. Raquel also raises animals such as hens and pigs, which she sells in the community. Her loan will be used to purchase fertilizer and seeds.
View original language description ↓
El Banco Comunal Muyurina inicia su ciclo 19 con 18 socias, que son D. la comunidad D. Muyurina que se encuentra a 20 minutos D. la ciudad D. Ayacucho, es un valle pequeño y la mayoría D. sus pobladores se dedica a la agricultura D. verduras.
Raquel es la presidenta del Banco Comunal y durante el tiempo que esta en su Banco aprendió valores y ahorrar, Raquel es casada, tiene 34 años y 2 hijos D. 8, 6 años, vive en la casa D. sus suegros y su mayor sueño es construir su casa para lo cual ya esta ahorrando en su Banco Comunal. Raquel junto a su esposo se dedican a la agricultura D. verduras como lechuga, culantro, para lo cual arriendan terrenos pues no tiene terreno propio, sus productos los transporta a la ciudad D. Ayacucho en donD. lo comercializa al por mayor en el mercado D. abastos. Además Raquel cría animales como gallina, cerdo que venD. en su misma comunidad. Su préstamo será invertido en la compra D. abono y semilla.

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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Muyurina Group's $4,100 loan helped a member she will use the loan to purchase fertilizer and seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2010
Listed
May 24, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010