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Santo Domingo Group
In this Group: Saturnina, Victoria, Teofila, Maria Concepcion, Ana, Lidia, Epifaneo, Gregorio, Ruth, Graciela, Ramiro, Victoria, Jianira Jhobetsy
The Santo Domingo community bank begins it’s 38th cycle with 13 members that belong to the Huancavelica department. Saturnina is one of the members, has a partner and six children, her oldest is 23 years old and her youngest is 12, they are all studying. Saturnina owns and works at a ceviche (seafood dish) shop that is located in the local market. She started this business with little capital but has slowly grown it with the loans that she gets she buys the necessary ingredients but also invests it in utensils such as plates and cutlery. Her business is growing and Saturnina wants to save to expand the shop and buy furniture as well as to incorporate other fish based dishes.
View original language description ↓
El Bancomunal Santo Domingo inicia su ciclo 38 con 13 socias que pertenecen al departamento D. Huancavelica. Saturnina es una D. la socias del Bancomunal, es conviviente y tiene 6 hijos el mayor D. 23 años y el menor D. 12, todos están estudiando actualmente, Saturnina tiene una cevicheria que atienD. en un puesto en el mercado D. la localidad, se inicio en el negocio con poco capital, poco a poco lo está implementando, con los préstamos que recibe compra los ingredientes necesarios para la preparación, pero también invierte en la compra D. utensilios como platos, cubiertos, su negocio está creciendo es por ello que Saturnina quiere ahorrar para ampliar su local y comprar sus muebles e implementar su negocio con otros platillos a base D. pescado.

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
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santo Domingo Group's $3,150 loan helped a member working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2010
Listed
Aug 17, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 16, 2011