Gardenia is 31 years old, and she has three children. They are three, seven, and eight years old. During the day she works in her mother-in-law’s store. At night she sells toys on the streets of Ayacucho. She started her business because her son is very sick, and his medical treatment is very expensive.
Gardenia is requesting the loan to invest in her business and for her son’s medical treatment.
Gardenia has been a member of FINCA Perú for one year. She likes the ease of getting a loan, the twice a week meetings, and the amortization schedule.
Her dream is for her children to grow healthy and that they get ahead.
Gardenia tiene 31 años, es madre de tres hijos, de 3, 7 y 8 años de edad. Durante el día trabaja en la tienda de su suegra. Por la noche vende juguetes en las calles de Ayacucho. Ella inició su negocio porque su hijo está muy enfermo y su tratamiento médico es muy costoso. Gardenia solicita un préstamo para invertir en su negocio y en el tratamiento médico de su hijo. Gardenia es socia de FINCA Perú desde hace 1 año. A ella le gusta la facilidad de obtener un préstamo y las reuniones dos veces por semana y el calendario de amortización. Su sueño es que sus hijos crezcan sanos y salgan adelante.
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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