Rio De Oro Group
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.
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.
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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