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Kateryna Lyta's Group
In this Group: Kateryna Lyta, Domitila, Maria
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Lyta, Domitila and Maria are partners of the Muchuy Warakaq Communal Bank, Quechua words that mean “Abundance.” Domitila has been with the bank for 13 years and tells that she began with 2 dollars saved and with a loam of 50 dollars, while Lyta and Maria have been with the bank for 7 and 3 years respectively. Lyta and her husband have a carpentry workshop, which has been implemented bit by bit with the help of the loans. In the beginning the works created were sold at the Sunday Saint Juan Bautista market and at this time they didn’t have a house, nor good machinery. Now they have their own house, machines and they have many clients. On the other siD., Domitila buys and sells gumtrees, pigs, and leather and has to support her 3 daughter that are students. Maria sells fruits for wholesale in the Magdalena market, but one time she maD. had a mistake when the fruit that she sold spoiled. The loans for Lyta, Domitila, and Maria are for 600 soles, 1000 soles, and 600 soles and will be invested in the purchase of polish, wood, pigs, gumtrees, leather, and the purchase of apples, peppers, peaches, sand strawberries to sell for wholesale. In their Comunal Bank they leanred how to educate their children and the value of it. The dreams of the partners are to be a successful businesswoman, to open a big wood shop and that her children will become professionals.

Translated from Spanish by Fallon Shields, Kiva Volunteer.



Lyta, Domitila y María son socias del Banco Comunal Muchuy Warakaq, palabra quechua que significa “Abundancia”.
Domitila tiene 13 años en su Banco Comunal y cuenta que empezó con 2 dólares D. ahorro y con un préstamo D. 50 dólares, mientras que Lyta y María tienen 7 y 3 años respectivamente.
Lyta y su esposo tienen un taller D. carpintería, el cual ha sido implementando poco a poco, a través D. préstamos. En un inicio los trabajos que realizaban los vendían en la feria dominical D. San Juan Bautista y en esa época no tenían casa, ni maquinarias buenas. Ahora ya cuentan con una casa propia, maquinarias y tiene muchos clientes.
Por otro lado, Domitila compra y venD. tara, cochinilla y cuero y tiene que mantener a sus 3 hijas que son estudiantes.
María venD. frutas al por menor en el mercado D. Magdalena, a pesar que alguna vez tuvo un fracaso cuando se malogró la fruta que vendía.
Los préstamos D. Lyta, Domitila y María son D. 600 soles, 1000 soles y 600 soles que serán invertidos en la compra D. lacas, tiner, madera, cochinilla, tara, cuero, y la compra D. manzana, pepino, durazno, fresa para vender por mayor.
En su Banco Comunal aprendieron a cómo educar a los hijos y los valores.
Los sueños D. las socias es ser empresaria exitosa, abrir una maderera granD. y que sus hijos sean profesionales.

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

  • $6,715
    Average annual income
  • 68
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Kateryna Lyta's Group's $750 loan helped a member the loans for Lyta, Domitila, and Maria are for 600 soles, 1000 soles, and 600 soles and will be invested in the purchase of polish, wood, pigs, gumtrees, leather, and the purchase of apples, peppers, peaches, sand strawberries to sell for wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 25, 2007
Listed
Dec 11, 2007
Currency Exchange Loss:
Covered
Ended:
Apr 26, 2008