The Maravilla Communal Bank has 14 members and is starting its fifth loan cycle. Victoria is 33 years old. She is a single mother with a 4 year old and a 9 month old baby. Prior to their separation, she and her partner owned a seafood restaurant. She decided to open her own seafood restaurant at her home and it’s going well. Little by little, people are beginning to visit her establishment. She serves meals Monday through Sunday but the weekends are the most crowded. Victoria is requesting the loan to pay for tables, courier service, rugs, etc. to equip her establishment. She is pleased to have been a member of Finca for the past year because they provide her with the opportunity to obtain a loan when she needs it. She learns a lot from the training she receives from her sponsor. Victoria’s dream is that her business becomes recognized in Ayacucho and to educate her children.
El Banco Comunal Maravilla inicia su quinto ciclo con 14 socias. Victoria, tiene 33 años, es madre soltera y tiene 2 hijos uno de 4 años y el otro de 9 meses. Victoria, antes con su pareja tenia un recreo marisquería, pero se separaron, ella decidió abrir su propio recreo marisquería en su casa y le va bien poco a poco las persona comienzan a visitar su establecimiento, atiende de lunes a domingo los fines de semana son más concurridos. Victoria solicita un préstamo que lo invertirá en la compra de mesas, mensajería, esteras, etc, para implementar su establecimiento. Ella es socia de Finca desde hace un año, le gusta porque le dieron la oportunidad de otorgarle un crédito cuando lo necesitaba, aprende mucho de las capacitaciones que recibe de su promotora. El sueño de victoria es que su negocio sea reconocido en Ayacucho y educar a sus hijos.
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.