Santa Rosa De Pachacclla Group
One of the communal bank members, Martina, has three school-aged children. Her business is the purchase and sale of meat. She started in the business from a young age when her father passed away and her sales have been increasing little by little. The loans received from FINCA allow her to purchase in quantity. Martina is a single mother and she always works to get her children ahead. Martina is requesting a loan for the purchase of meat at wholesale price. Her dream is to have a butcher’s shop at a stable stand in the market.
Martina es socia del Bancomunal, tiene 3 hijos los cuales están en edad escolar, su negocio es la compra y venta D. carne, desD. muy pequeña se inició en el negocio al fallecer su padre, ella ha ido incrementando su venta D. a pocos, con los préstamos que recibe D. FINCA le permite comprar en cantidad, Martina es madre sola, por ello siempre trabaja para sacar adelante a sus hijos. Martina solicita un préstamo para la compra D. carne al por mayor, su sueño es tener una carnicería en un local estable en el mercado.
About FINCA PeruThis 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.
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Success!! The loan was 100% repaid