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Elizabeth's Group
In this Group: Elizabeth, Cleide, Justina Clara
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Cleyde is 38 years old and has two children, Elizabeth is also 38 years old and has one child, while Justina is 47 years old and has two children. Cleyde, Elizabeth and Justina have belonged to the Santa Rita Communal Bank for eight, six and seven years respectively. Members of their Communal Bank are close friends and they say that, whenever a member gets sick or has some need, they support one another morally and financially. They mention that they started saving at their Communal Bank, as it was impossible to do it at home. This is Cleyde’s case who, with her savings, managed to buy machinery for her business and a piece of land, and got married. Cleyde has a wood shop along with her husband, and she also runs a coffee shop at the Fine Arts School. On the other hand, Elizabeth has a sewing shop, where she makes women clothes. She was initially employed in a shop and, little by little, became independent and presently has all the necessary machinery. On her side, Justina has been selling food (potato and eggs) in the streets of downtown Ayacucho for the past 10 years.

Cleyde, Elizabeth and Justina are requesting a loan for soles 100, 800 and 600 respectively, which will be invested in the purchase of wood, plywood, glue, varnish, thinner, fabric, zippers, threads, knitting adhesive material, lace, elastic thread, potato and eggs. To expand the wood shop and buy all the needed machinery, to set up a store to sell and rent party gowns, and to register the property title of her land and see her children become professional are Cleyde’s, Elizabeth’s and Justina’s respective dreams.

Translated from Spanish by Leticia Britos, Kiva Volunteer.


Cleyde tiene 38 años y 2 hijos, Elizabeth tiene 38 años y 1 hijo, mientras que Justina tiene 47 años y 2 hijos. Cleyde, Elizabeth y Justina pertenecen al Banco Comunal Santa Rita desde hace 8, 6, 7 años respectivamente. Las socias en su Banco Comunal son amigas y unidas y nos dicen que cuando hay socias que se enferman o tienen alguna necesidad ellas se apoyan moral y económicamente. Ellas mencionan que en su Banco Comunal comenzaron a ahorrar, porque en su casa era imposible ahorrar. Este es el caso de Cleyde, que con sus ahorros pudo comprar algunas maquinarias para su negocio, compró su terreno y también se casó. Cleyde, junto a su esposo, tiene un taller de carpintería y además ella tiene un cafetín en la escuela de Bellas Artes. Por otro lado, Elizabeth tiene su taller de confección de prendas de vestir para damas. Inicialmente Elizabeth trabajaba en un taller, y poco a poco fue independizándose y en la actualidad tiene todas las máquinas necesarias. Mientras que Justina vende papa con huevo sancochado y los vende en las calles del centro de la ciudad de Ayacucho, actividad que realiza hace 10 años.

Cleyde, Elizabeth y Justina necesitan préstamos de 1000 soles, 800 soles y 600 soles, que serán invertidos en la compra de madera, triplay, colas, laca, tiner, tela, cierre, hilos, pelón adhesivo, blondas, elásticos, papa, huevo. Los sueños de Cleyde, Elizabeth y Justina son ampliar su taller de carpintería y comprar todas sus máquinas, tener una tienda de venta y alquiler de vestidos de fiesta, hacer registrar el título de propiedad de su terreno y que sus hijos sean profesionales.

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
  • 95
    View loans »
    Peru Loans Fundraising
  • $57,999,750
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Elizabeth's Group's $825 loan helped a member cleyde, Elizabeth and Justina are requesting a loan for soles 100, 800 and 600 respectively, which will be invested in the purchase of wood, plywood, glue, varnish, thinner, fabric, zippers, threads, knitting adhesive material, lace, elastic thread, potato and eggs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 9, 2008
Listed
Dec 26, 2007
Currency Exchange Loss:
Covered
Ended:
May 9, 2008