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Mollecito De Covadonga Group
In this Group: Rufina, Marta, Donatilda, Edith Yanina, Estherlina, Zenayra, Nancy Flor , Haydee, Madeley Teofila, Bonifacia, Teodosio, Juana Teodora, Zenobia, Nelson, Betty Santa, Ever David, Jessica, Yaneth, Yaseli
The Mollecito D. Covadonga Communal Bank begins its 4th cycle with 19 members.
The members dedicated themselves to the selling of different products, such as vegetables, wood, groceries, small animals, cereals and so on.
Rufina is the president of the Communal Bank: she became a member through her sister and what she likes more about her Communal Banks are the trainings and the incentive to saving.
Rufina is married and she attended a few years of primary school. Rufina travels to fairs where she buys animals, then she fattens them and she finally sells them in the markets and to restaurants.
Rufina is very zealous and she has many friend in the Communal Bank. Rufina saves some money every week and is very punctual.
Rufina needs a loan of 600 PEN, money she will use to buy animal food.
Her goal is to improve her business and for it to keep on growing.
View original language description ↓
El Banco Comunal Mollecito D. Covadonga, inicia su cuarto ciclo con 19 socias.
Las socias realizan diversos negocios como L. venta D. verduras, leña, abarrotes en general, animales menores, cereales, entre otros.
Rufina es L. presidenta del Banco Comunal, ingreso por invitación D. su hermana y lo que mas le gusta D. su Banco Comunal son las capacitaciones y el incentivo al ahorro.
Rufina es casada y estudio algunos años D. L. primaria, Rufina viaja a las ferias en donD. compra animales y luego se dedica al engorD. D. animales, los que después comercializa en los mercados y restaurantes.
Rufina es muy entusiasta y ya tiene muchas amigas en el Banco Comunal, Rufina ahorra todas las semanas y es muy puntual.
Rufina necesita un préstamo D. 600 soles dinero que invertirá en L. compra D. alimentos para animales.
Su sueño es ampliar su negocio y seguir creciendo.

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
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mollecito De Covadonga Group's $3,725 loan helped a member to buy animal food.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2010
Listed
Jun 21, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010