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Confianza Group
In this Group: Maura, Ninfa, Herlinda Reyna , Bertha, Lucia, Margarita Emilia, Constansa, Adelia, Albina, Sergia, Valvino
Ninfa has been a member of the Confianza (Confidence) Community Bank for approximately the past three years. The group's members are from the community of Totoraccocha, province of Acobamba, department of Huancavelica. Ninfa is married and has eight children. She started out buying trees to make into firewood to sell in the municipality of Acobamba. Later on as the business kept growing she implemented the construction of an education center in her community by providing beams and other timber supplies. To date, she has provided Acobamba with planks, beams and timber for other construction projects. Now she owns a truck to transport her timber and firewood. She buys the trees from the surrounding communities of Totoraccocha and sells the timber supplies to the municipality of Acobamba and the firewood to local shops and bakeries. She carries out the work with the help of her husband, her children and her eldest son-in-law. She plans to use to the loan to invest in the purchase of more trees and make it into timber to sell. Ninfa wants to buy herself a van so she can be able to provide transportation services in her community.
View original language description ↓
La señora Ninfa es socia del Banco Comunal Confianza hace 3 años aproximadamente, las socias del Banco son de la comunidad de Totoraccocha, Provincia de Acobamba, Departamento de Huancavelica.
Ninfa es casada, tiene 8 hijos, Ninfa empezó con la compra de árboles para hacer leña y venderlos en Acobamba mas adelante a medida que iba creciendo el negocio en su comunidad ejecutaron la construcción de un centro educativo donde le mandaron habilitar listones y pies derechos, a la fecha provee a la municipalidad de Acobamba; Puntales, pies derechos y habilitación de maderas para diferentes obras. Ahora tiene un camión para poder trasladar su madera y leña. Los árboles los compra en las comunidades aledañas a Totoraccocha, y los vende al municipio de Acobamba y la leña a diferentes tiendas y panaderías, actividad que realiza con la ayuda de su esposo, sus hijos y el yerno mayor. Su préstamo será invertido en la compra de mas árboles y mandarlos a habilitar madera.
Ninfa quiere comprarse una combi para poder prestar servicio de movilidad en su comunidad.

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

  • $6,715
    Average annual income
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Confianza Group's $3,150 loan helped a member purchase trees to make into timber and firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2010
Listed
May 27, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 27, 2010