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Margarita
Margarita S. H. belongs to the village bank “Arco Iris,” which means “rainbow” in Spanish.

Margarita is what in Spanish is known as a "ferriante,” which means she supplies products in bulk to the community every given number of days each week. With her warm and youthful smile, she explains that three times each week she must rent a car to drive up to three hours outside city limits into the rural “campo” of Ayacucho, Peru. There she buys cheese, beef, and pork. With these supplies, she returns to the city to sell her fresh products door-to-door. Margarita began business as a “ferriante” some 22 years ago when she married her husband and started a new family.

In addition to her work supplying fresh food products to the community three times each week, Margarita also has a business in selling “leña,” or firewood, to the women in her neighborhood. Firewood is the principal means of heating homes and cooking food in this area, and everyday Margarita’s neighbors come to her to buy their daily supply.

Margarita says she is very grateful to be a part of her village bank because it has taught her how to save the profits she makes from both businesses. When her husband fell ill recently, she was able to use the savings she has been storing in the bank to pay for his operation. She is asking for a $900 loan, which she will be able to put back into all aspects of her businesses, including the purchase of greater quantities of products and pay for transportation to the countryside to make these purchases.

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.

About Peru

  • $6,715
    Average annual income
  • 53
    View loans »
    Peru Loans Fundraising
  • $53,895,075
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Margarita she is asking for a $900 loan, which she will be able to put back into all aspects of her businesses, including the purchase of greater quantities of products and to pay for transportation to the countryside to make these purchases.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 5, 2007
Listed
Oct 22, 2007
Currency Exchange Loss:
Covered
Ended:
Mar 6, 2008