The Totorilla Community Bank started 6 months ago and actually has 2 cycles and 19 members. The bank has the name of the community where all of its members live. Totorilla is a small valley where most of the population dedicates themselves to agriculture. Their lands produce coriander, spinach, cabbage, lettuce, and alfalfa. They are also dedicated to raise small farm animals and cattle in small proportion.
The members do different activities like mototaxi service, agriculture, raising farm animals and selling groceries, fruits, propane gas and beverages. In Yolanda's, Olga"s and Pecina's case they work in the agricultural fields; something that they learned since young and presently they work together with their husbands. They cultivate spinach, coriander, cabbage, lettuce and alfalfa and also raise small farm animals and cattle in small proportion. They sell their own products at wholesale and retail in a local public market named Nery G. Zarate.
The members need loans in different amounts, some amounts are 300 soles(Peruvian currency), 600 soles, 900 soles being a total of 8600 soles in loans for the Totorilla Community Bank. The money will be invested in buying seeds,fertilizers, rice, sugar, noodles, milk, propane gas, tires for a motorcycle and also to buy "cuy" ( a typical Peruvian animal) to be raised.
The members are also learning parenting skills, how to raise, feed, and educate their children, and how to be responsible citizens. Their dreams are all different some want their children to become professionals, some want them to own their farm, land, and home and some of them dream of buying a car someday.
Translated from Spanish by Maria Ramirez-Gregg, Kiva Volunteer
El Banco Comunal Totorilla se inició hace 6 meses y actualmente tiene 2 ciclos y 19socias, y lleva el nombre D. la comunidad, D. donD. son todos los socios. Totorilla es un pequeño valle donD. su población se dedica a la agricultura, sus tierras producen culantro, espinaca, culantro, col, lechuga, alfalfa, además se dedican a la crianza D. animales menores y engorD. D. ganado en menor proporción.
Las socias realizan diferentes actividades como servicios D. mototaxi, la agricultura, crianza D. animales y venta D. abarrotes, frutas, gas propano y bebidas. Es el caso D. Yolanda, Olga y Pecina que se dedican a la agricultura, actividad que aprendieron desD. muy pequeñas y ahora lo hacen junto a sus esposos. Ellas cultivan espinaca, culantro, col, lechuga, alfalfa y, además se dedican a la crianza D. animales menores y engorD. D. ganado. La venta D. sus productos lo hacen ellas mismas en el mercado Nery García Zarate al por mayor y menor.
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 600 soles, 900 soles, haciendo un total D. 8600 soles D. préstamos para el Banco Comunal Totorilla. El dinero será invertido en la compra D. semillas, abono, arroz, azúcar, fideos, leche, gas propano, llantas para la moto y también para comprar cuy para la crianza.
Las socias están aprendiendo sobre cómo educar a los hijos, cómo alimentarlos, a ser puntuales y responsables.
Los sueños D. los socios son diferentes como que sus hijos sean profesionales, tener una granja, un terreno y luego una casa y hasta comprar un carro.
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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