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Lucinda Group
In this Group: Casilda, Leonora*, Margot*, Victoria*, Edith*, Juan Carlos, Maria Paz, Marta, Aracelli Deniz, Martina, Eugenia, Martha, Nely, Agustina, Mayra, Maria Catalina, Maritza, Vicenta Justa, Camilo Ivone, Juana, Dina Hermelinda, Efrain, Espiritu, Donatilda
* not pictured
View original language description ↓
The communal bank "Lucinda" started 1 year and 8 months ago. Currently, they have 8 cycles and 24 members. From being a part of the bank, the members have learned to be punctual, honest, and how to invest in a business. They also say that they have passed through difficult times in the bank, but also through happiness, and this has brought them closer together as friends. They also like it because they can get away, laugh, and learn.

The members have different businesses like selling vegetables, groceries, cereal, firewood, fruit, agricultural products, fish, books, candies, clothing, tubers, and making bread. Each member has a different history, like Margot, who started selling books in her home and now has a large bookstore. She will soon open a restaurant. On the other hand, Edith will use the loan to buy merchandise for her grocery business, which is located in the Las Américas market.

The members need different sums of money. Some amounts of the loans are 200, 400, 600, and 1000 soles. There will be a total of 13,100 soles in loans for the communal bank. The loans will be invested in buying medicine, vitamins, cabbage, carrots, celery, sweaters, pants, polo shirts, bread, peaches, plantains, flour to make bread, and fish. Their savings will be used to increase the capital of their businesses, constructing or improving their houses, a sickness that could arise, their kids' education, or enrollment in a university. The dreams of the members are to see their children become professionals and to have larger and more stable businesses.

Translated from Spanish by Tanya Harper, Kiva volunteer

El Banco Comunal Lucinda es un Banco Comunal que se inició hace 1 año y 8 meses; actualmente tiene 8 ciclos y 24 socias. Las socias cuentan que en su Banco Comunal aprendieron a ser puntuales, honestas, cómo invertir en el negocio. También dicen que el Banco Comunal pasó por muchas dificultades y también alegrías que las unió más como amigas, además que les gusta mucho las reuniones porque se distraen, ríen y además aprenden.

Las socias realizan diferentes negocios como L. venta D. verduras, abarrotes, cereales, leña, frutas, productos agropecuarios, pescado, libros, golosinas, ropa, tubérculos y elaboración D. panes.
Cada socia tiene una historia diferente como es el caso D. Margot quien empezó vendiendo libros a domicilio y en L. actualidad tiene una librería granD. y próximamente va a abrir un restaurante. Por otro lado Edith utilizará el préstamo para comprar más mercadería para su negocio D. venta D. abarrotes, que está ubicado en el mercado Las Américas.

Las socias necesitan diferentes montos D. préstamos. Algunos préstamos son D. 200 soles, 400 soles, 600 soles, 1000 soles, haciendo un total D. 13,100 soles D. préstamos en el Banco Comunal. Los préstamos lo invertirán en L. compra D. medicinas, inyectables, vitaminas, col, zanahoria, apio, cebolL., chompas, pantalones, polos, panetones, durazno, plátano, harina para L. preparación D. panteones y pescado.

Sus ahorros los utilizarán para aumentar el capital D. su negocio, construir o mejorar su casa, alguna enfermedad que se pueda presentar, los estudios D. sus hijos, matrícuL. en L. universidad. Los sueños D. las socias son que sus hijos sean buenos profesionales, tener negocios más grandes y estables.

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

  • $12,000
    Average annual income
  • 86
    View loans »
    Peru Loans Fundraising
  • $58,984,675
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Lucinda Group's $4,400 loan helped a member the members need different amounts of money for their loans. Different amounts include 200, 400, 600, and 1000 soles. The toal will be 13,100 soles for the communal bank. The loans will be invested in the purchase of medicine, vitamins, cabbage, carrots, celery, onions, sweaters, pants, polo shirts, bread, peaches, plantains, flour to make bread, and fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 7, 2008
Dec 24, 2007
Currency Exchange Loss:
May 8, 2008