Iris has an eye for fashion and has found the perfect way to turn this talent into a business. Because her home city of Ayacucho, Perú is located rather remotely in the Andes Mountains, it is difficult to find a variety of clothing and jewelry. For this reason, Iris makes the monthly ten hour bus trip to the capital city of Lima to buy beautiful clothing and jewelry which she carries home to Ayacucho and sells to friends, family, and customers. Much of the time she receives orders, for example for a summer sundress, and with this direction she uses her good taste to pick out a nice outfit.
Iris has been involved in this business for the past 10 years, and is very content. The way she currently does business allows her much freedom and the ability her to travel, an aspect she loves. She is currently entering the busiest time of year. In Ayacucho, at the end of the school year (which is in January), there are many graduation parties. From those completing primary school to high school graduations, families celebrate this happy occasion. A staple of these parties is the perfect graduation dress. Beginning in December, orders begin pouring to Iris from mothers wanting the perfect graduation dress for their daughters. Thus, Iris is planning a special weeklong trip to Lima in December, when she will buy many dresses to bring back to Ayacucho. An economic boost in the form of a small loan is what makes projects such as this possible for Iris. It is also what has made the support of her family of four daughters possible. Without such loans, the growth and success of her small enterprising business would be nearly impossible. This is why Iris loves her village bank. It is there that she receives advice on everything from saving her money to how to better support her family. Iris is currently requesting a loan of $1025 in order to fill the many orders pouring in for the holiday and graduation season.
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.