Nueva Semillita De Santillana Group
Vicenta is the president of the community bank. She is married and has five children. This is the first time that she has joined a community bank. Vicenta has a store in her house, which is located on the main plaza of the community. She sells groceries in general. Her business began with the sale of candies, food, and bread. Little by little she established her store and still continues selling food. Her loan will be invested in the purchase of groceries, vegetables, and candies.
Vicenta's dreams are that her business will grow, her children will do well in their studies, and to buy a plot of land in the city of Huanta and construct a house where her children can live to continue their higher education.
Vicenta es L. presidenta del Banco Comunal, es casada, tiene 5 hijos, es L. primera vez que integra un Banco Comunal, Vicenta tiene una tienda en su casa que se encuentra en L. plaza principal D. L. comunidad, en donD. venD. abarrotes en general, su negocio empezó con L. venta D. golosinas, comida y panes, poco a poco fue implementando su tienda y aun sigue vendiendo comida. Su préstamo será invertido en L. compra D. abarrotes, verduras y golosinas.
Los sueños D. Vicenta son que su negocio se amplíe, sus hijos estén bien en sus estudios, comprar un terreno en L. ciudad D. Huanta y construir su casa en donD. puedan vivir sus hijos para seguir estudios superiores.
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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Success!! The loan was 100% repaid