Chiara is the name of the district where all the members come from and it is situated 1 hour away from the city of Ayacucho. Most of its population works on agriculture and their lands produce potatoes, corn, beans, wheat and vegetables.
Moreover, the members of the Community Bank breed small animals and cattle and at the Community Bank they are learning to be responsible, punctual and how to educate their children.
The women partners have different business like a groceries store, livestock breeding, dressmaking and selling meat and agricultural products. For instance, Maura, one of the partners, tailors regional clothes like aprons, white petticoats and tablecloth.
The women partners need different loan amounts, some are of 300 soles (100 usd), 600 soles (200 usd) or 900 soles (300usd), totaling 7500 soles (2500 usd) for the Chiara Community Bank as a whole.
The money will be invested purchasing rice, noodles, sugar cane, cigars, meat, cloth, animals and animal food.
The dreams of the partners are to have bigger business and to give their kids a good education.
Translated from Spanish by Jimena Almendares Leistner, Kiva Volunteer.
El Banco Comunal Chiara se inició hace 6 meses y tiene 16 socias, lleva el nombre del distrito D. donD. son todos los socios.
Chiara en un distrito que está a una hora D. la ciudad D. Ayacucho donD. la población se dedica a la agricultura y sus tierras producen papa, maíz, haba, trigo y verduras.
Además los socias y socias D. este banco comunal se dedican a la crianza D. animales menores y ganado.
En el Banco Comunal están aprendiendo a ser responsables, puntuales y a cómo educar a los hijos.
Las socias tienen diferentes negocios como tienda D. abarrotes, crianza D. animales, venta D. carne, agricultura, confección D. prendas D. vestir, engorD. D. vacuno. Como es el caso D. Maura que confecciona prendas D. vestir D. la zona como mandiles, fustanes y manteles.
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 600 soles, 900 soles, haciendo un total D. 7500 soles D. préstamos para el Banco Comunal Chiara, los cuales serán invertidos en la compra D. arroz, fideo, caña, cigarro, carne, alimento para sus animales, telas, animales que benefician y venden.
Los sueños D. los socios es tener un negocio más granD. y dar una buena educación a sus hijos.
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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