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Bara De Oro Group
In this Group: Claudia , Cecilia, Rosa , Carmen, Fernandina, Facundina Maxima, Luis Bardel, Romulo Donato, Roger Alar, Noemi, Percy, Cesar
Facundina is a member of the Bara de Oro Communal Bank. Her communal bank is comprised of 12 members who do different activities.

Facundina is 50, single, and has three children. Two of the children live with her. She supports the household by herself. She has a rustic house.

Facundina embroiders purses and sashes for a company. She works for a bakery delivering bread to stores. She does this from four in the morning until seven in the morning. She also works taking care of a garden where there are small animals and flowers, and she receives payment for this. Also, in her free time Facundina washes other people’s clothes.

Her loan will be used to buy rice and sugar to feed her children. Facundina dreams that her last child will become a professional. She also dreams of improving her house.
View original language description ↓
Facundina es socia del Banco Comunal Bara de Oro, su Banco Comunal esta integrada por 12 socias que realizan diferentes actividades.
Facundina es soltera, tiene 50 años y 3 hijos de los cuales 2 viven con ella y ella sola mantiene su hogar, tiene una casa de material rustico, Facundina brinda servicios de bordados en carteras, correas para una empresa, trabaja para una panadería repartiendo panes a las tiendas, actividad que inicia desde las 4 de la mañana hasta las 7 de la mañana, también trabaja cuidando una huerta donde hay animales menores y F., por lo que recibe un pago. Además Facundina en sus momentos libres se dedica a lavar ropa ajena.
Su préstamo será invertido en la compra de arroz, azúcar para la comida de sus hijos.
Los sueños de Facundina es que su ultimo hijo sea profesional y mejorar su casa.

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 Bara De Oro Group's $2,900 loan helped a member buy rice and sugar to feed her children.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2010
Listed
Jun 11, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2010