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Rio De Oro Group
In this Group: Lucia, Martina, Cirila, Fabiana, Rosa, Norma, Herminia, Esther, Heracleta, Modesta, Norberta, Juanita, Sonia, Donatilda Cleofe, Marina, Susana, Yovana, Basilia, Haydee, Katherine, Liseth, Karina
Lucía is a member of the 'Río D. Oro' (River of Gold) community bank. She is 40 years old, married, and has 2 children aged 20 and 10. Lucía's business is fattening and raising pigs. She has been doing this for more than 5 years. She buys her pigs at livestock markets, fattens them, and then sells them to butcher's shops. It was one of her aunts who motivated her to start out in this business and it is doing well. She will invest her loan in buying pigs.

Lucía was invited to join Finca Perú by her sister-in-law. This is her third loan cycle. She likes being a member because they give her working capital and she is able to save. She learns from the training sessions that she receives from her advisor. Lucía's dreams are to open a grocery store in her home and for her children to own their own businesses.
View original language description ↓
Lucia es socia del Banco Comunal Rio D. Oro, tiene 40 años, es casada y tiene 2 hijos D. 20 y 10 años D. edad. Lucia se dedica al engorD. y crianza D. chanchos, hace más D. 5 años, elL. compra los chanchos en L. ferias, los engorda y luego los venD. a las carniceras. Una tía le incentivo para que comenzara con éste negocio y le va bien. El crédito que solicita lo invertirá en L. compra D. chanchos.
Lucía ingreso a Finca Perú, por L. invitación D. su cuñada, con éste es el tercer ciclo que está, le gusta porque le dan un capital para trabajar y pueD. ahorrar, aprenD. D. las capacitaciones que recibe D. su promotora. Su sueño es abrir una tienda D. abarrotes en su casa y que sus hijos tengan su propio negocio.

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
  • 97
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rio De Oro Group's $4,700 loan helped a member to buy pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 17, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011