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Rubi Group
In this Group: Cleofe, Maria, Maria Antonia, Teresa, Victoria, Lidia Justina, Marina, Severina, Fortunata, Angelica, Marcelina, Julia, Nely Marcelina, Luisa Benita, Lauriano, Julia, Roxana, Reyna, Margot Carolina, Marina, Robes Palhua, Yeni Isabel, Virginia, Catalina, Roberto, Miriam
View original language description ↓
The communal bank Rubí was begun eleven years ago. Currently there are 26 members, and they have spent 34 seasons together. The founding members were Marcelina, Ceverina, Victoria, Dora, and Fortunata. In the communal bank, members learn to be punctual and responsible, to improve their self-esteem, to organize their daily activities better, and, above all, to save their money. The members manage different businesses, including selling groceries, pots and pans, vegetables, oils, coca, meat, clothing, jewelry; making cheeses and furniture; growing avocado, and performing various artisan tasks, including weaving.

Each member has her own store to tell, as in the case of Marcelina, who began her business traveling to markets twice a week with very few goods, and now goes to more fairs with stocked merchandise. Marcelina counts on two motor-taxis that she was able to buy using her savings from the communal bank to bring in additional income. Apart from these businesses, she makes typical regional clothing, including wedding gowns.

On the other hand, Fortunata weaves beautiful sweaters and skirts that she sells at markets. At first, Fortunata only sold garments she wove, and now, she sells fabric clothing and a wiD. variety of styles.

The members need different amounts for the loans, adding up to a total of $4,450 in loans from the communal bank. The loans will be invested in the purchase of rice, milk, oil, wool, dyes, cheese molds, pork, mutton, wood, lacquer, paint, corn, wheat, lubricants, coca, carrots, onions, and squash.

Their savings will be used for the education of their children, additional cash, an emergency, and future needs. The dreams of these women incluD. having a sawmill, having a larger business, running a business raising guinea pigs and generating biofuels, being a businesswoman selling jewelry, and getting their children ahead as good professionals.

Translated from Spanish by Shannon Skoglund, Kiva volunteer.

El Banco Comunal Rubí se inició hace 11 años. Actualmente son 26 socias y ya tienen 34 ciclos juntas. Las socias fundadoras fueron Marcelina, Ceverina, Victoria, Dora y Fortunata.
En el Banco Comunal las socias aprendieron a ser puntuales, responsables, a mejorar su autoestima, organizar mejor sus actividades diarias y sobre todo a ahorrar.
Las socias realizan diferentes negocios como la venta D. abarrotes, ollas, verduras, lubricantes, coca, carne, ropa, joyería, la elaboración D. quesos, producción D. palta, fabricación D. muebles, feriantes y artesanía en telar.
Cada socia tiene una historia que contar, como es el caso D. Marcelina, quien inició su negocio viajando a las ferias, 2 veces por semana, y con muy poca mercadería, y actualmente viaja a más ferias con mercadería surtida. Marcelina cuenta que con los ahorros que pudo reunir en su Banco Comunal compró 2 mototaxis que le generan más ingresos, además D. estos negocios, Marcelina hace ropa típica D. la zona como fustanes.
Por otro lado Fortunata teje bellas chompas y enaguas, que venD. en las ferias. Al inicio Fortunata solo vendía prendas elaboradas por ella y, actualmente, venD. ropa D. fábrica y variedad D. modelos,
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 400 soles, 600 soles, 800 soles, haciendo un total D. 13,200 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra arroz, leche, aceite, lanas, tintes, moldes para hacer quesos, cerdo, carnero, madera, laca, pintura, maíz, trigo, lubricantes, coca, zanahoria, zapallo, cebolla.
Los ahorros los utilizarán para la educación D. sus hijos, tener un capital mas granD., alguna urgencia y para el futuro.
Los sueños D. las socias son tener un aserradero, un negocio mas granD., tener una empresa D. crianza D. cuyes y generar biogás, ser empresario en la venta D. joyas y que sus hijos salgan adelante siendo buenos 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
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rubi Group's $4,450 loan helped a member investing in purchasing a wide variety of goods for many businesses, including foodstuffs, crafts, vegetables, and meats.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 10, 2008
Dec 26, 2007
Currency Exchange Loss:
May 10, 2008