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Virgen Del Carmen De Chaulisma Group
In this Group: Sonia, Sofia, Nataly, Marta , Cresencia, Bernardina, Herlinda, Mary , Norma , Juana, Lourdes, Silvia
The rural communal bank “Virgen del Carmen” is in its third loan cycle at FINCA Peru. Located in the Ayavi district of Huancavelica Province in Peru, its members work in agriculture, livestock, rabbit-breeding and sales, and food sales.



Bank-member Sonia has a business selling prepared foods. A married mother of five children, aged 7 to 17 and all in school, she has been selling prepared food from her home for five years to truck drivers. Sonia will be using her loan of 600 PEN to purchase food ingredients, plates and other household items. She would like to open an organized and well-staffed restaurant one day with a broad menu. Since being a member of FINCA Peru she has been able to increase the quantity of food she sells and is now able to offer breakfast, lunch and dinner.

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
  • 55
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen De Chaulisma Group's $2,850 loan helped a member to purchase ingredients, plates and household items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2011
Listed
Mar 4, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 24, 2011