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La Nueva Esperanza Group
In this Group: Edita , Mercedes Giovana, Mercedes Silvia, Jaime Rogelio, Hilda, Eduardo Daniel, Elio Yimmy, Ana Yalina, Vilma Isabel, Nancy Luz, Angelica, Irma, Zenon David, Deysi Karina, Elizabeth Irma
The La Nueva Esperanza ("The New Hope") community bank is located in the Huancavelica department. It is starting its third cycle with 15 members.
Edita is married and has 2 children ages 20 and 18. Edita supplies lumber for making furniture and buildings. Edita has been able to acquire merchandise thanks to the loans she obtained, and this way she has been able to fill more orders, generating a good income. Edita wants to keep investing in her business, so she wants to take out a new loan. This way she will make her wood business one of the most important and prosperous.
Mercedes is married and has 1 child, age 7, who goes to school. Mercedes makes pinatas and decorations for children's parties. This business has had much demand, and she has been able to have better production thanks to her loans. Mercedes needs a new loan to keep producing in greater quantities and to meet her first goal, which is to have her own pinata store.
View original language description ↓
El Bancomunal La Nueva Esperanza, está ubicado en el departamento de Huancavelica, inicia su ciclo 3 con 15 socias.

Edita, es casada y tiene 02 hijos de 20 y 18 años. Edita se dedica a proveer madera para fabricar muebles y construcciones. Edita ha podido adquirir mercadería gracias a los prestamos obtenidos y así a podido atender mas pedidos, generándole esto buenos ingresos. Edita quiere seguir invirtiendo en su negocio, por lo cual quiere acceder aun crédito nuevamente, de esta manera hacer de su maderera una de las mas importantes y prosperas.

Mercedes, es casada y tiene 01 hijo de 07 años, quien va a ala escuela. Mercedes fabrica piñatas y adornos para fiestas infantiles, negocio que ha tenido mayor demanda, ya que ha podido tener mayor producción gracias a sus créditos. Mercedes necesita de un nuevo préstamo, para seguir produciendo en mayor cantidad y así alcanzar su primera meta, que es tener su propia piratería.

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
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza Group's $4,700 loan helped a member the purchase of good quality material and items for their businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 17, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010