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Virgen De Guadalupe Group
In this Group: Teofila, Carmen , Paulina, Violeta, Elena, Emilia , Francisca, Pilar, Karina , Juana, Bertha , Liz , Idilia, Neyda , Amargit , Araceli , Sintia, Susi
The rural communal bank "Virgen D. Guadalupe" is in their 3rd loan cycle at FINCA Peru. The bank is located in the district of Huaytara in the province of Huancavelica. Members of the bank have businesses in production of alfalfa, fruits, other agriculture, and livestock production. The group is taking out a loan total of 9,600 PEN.

Teofila is taking out a loan of 600 PEN for the purchase of avocado seeds for growing and guinea pigs for reproduction. She is married, and has three children who are all studying.

Teofila would like to continue to educate her children so that they can become professionals, and to build a new house. With respect to her businesses, she would like to increase her avocado production and find more places to sell them, in addition to increasing her guinea pig production. Since joining FINCA she has enjoyed working more and increasing her loan amounts, and her savings at the same time.

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
  • 73
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Guadalupe Group's $3,475 loan helped a member to purchase avocado seeds and guinea pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Mar 24, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011