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Confianza Group
In this Group: Ninfa, Gloria, Elizabeth Roxana, Teofila, Ida Nancy, Rene Milagros, Norma Flora, Keita Nelly, Flora Maria, Vilma*, Consuelo, Clara Isabel, Edy Yeny, Celestina Juana, Irina Salome, Tania Salome, Maura, Ruth Edith, Victor, Frine
* not pictured
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The Communal Bank Confianza (Confidence) began 12 years ago. Currently it has 20 members and they have been through 38 repayment cycles together. The members tell us that in their Communal Bank they have learned to be responsible, punctual, and to invest in their businesses. They also note that the Communal Bank allows them to save money, which is not possible at home.


The women operate varied businesses selling meat, cheese, chicken, sausage, clothes, snacks, cosmetics, small animals and grains. Some also make breads, proviD. taxi service, and make clothing as well as beautiful woven crafts.


Each member of the group has a different story to tell, as in the case of Rene. Rene makes curtains, liners, sheets and clothing, skills that she learned from her parents. Rene began this business with a machine that was her parents; she maD. small items but did not have adequate space. Currently she has a store and uses industrial sewing machines, enabling her to proviD. different services. Rene mentions that the secret is to treat customers well, give them good prices, and be punctual with orders.


Nancy provides a different example. She sells Omnilife products, and began her business selling to family and friends. With the loan that she received from the Communal Bank, she opened an office. Currently she has promoters and ads on the radio. Her business has grown, but her hope is to reach out to the provinces.


The Communal Bank members need different sized loans; some need 200 soles, 400 soles, 600 soles, 800 soles, or 1000 soles, making a total of 11,600 soles in loans.


The loans will be used to purchase chickens, pigs, turkeys, milk, sugar, rice, shirts, pants, jerseys, blouses, wool, thread, flour, cosmetics, corn, wheat, beans, peas, fabric, and other natural products. The earnings will be used to purchase a house, furnish a home, increase capital and contribute to the education of their children. The group members dream of buying their own land, building a house, growing their businesses, adding branches, buying cars, and seeing their children become professionals with economic stability.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.


El Banco Comunal Confianza se inició hace 12 años. Actualmente son 20 socias y ya tienen 38 ciclos juntas.
Las socias nos dicen que en su Banco Comunal han aprendido a ser responsables, puntuales, cómo invertir en su negocio y han podido ahorrar porque dicen que en L. casa no se pueD. ahorrar.
Las socias realizan diferentes negocios como venta D. carnes, queso, pollo, embutidos, ropa, abarrotes, cosméticos, animales menores, cereales, elaboración D. panes, y también servicios D. taxi y confección D. prendas D. vestir, además D. realizar bellos trabajos D. artesanía en telar.
Cada socia tiene una historia diferente que contar, como es el caso D. Rene, que hace trabajos D. confección D. cortinas, forros, sábanas y prendas D. vestir, actividad que aprendió D. sus padres. Rene inició con este negocio con una máquina que era D. sus padres; hacía trabajos pequeños y no tenía un local adecuado. Actualmente tiene una tienda y cuenta con máquinas industriales, realizando diferentes servicios. Rene menciona que el secreto es atender bien al cliente, darles precios cómodos y puntualidad con los trabajos.
Por otro lado Nancy que venD. productos Omnilife, inició su negocio vendiendo a sus familiares, amigos y con el préstamo que saco D. su Banco Comunal implementó una oficina. Actualmente tiene promotores y hace publicidad por radio; su negocio ha crecido, pero su deseo es llegar a más provincias.
Las socias necesitan diferentes montos D. préstamos; algunos montos son D. 200 soles, 400 soles, 600 soles, 800 soles, 1000 soles, haciendo un total D. 11,600 soles D. préstamos.
Los préstamos los invertirán en L. compra D. pollos, lechones, pavos, leche, azúcar, arroz, polos, pantalones, chompas, blusas, lana, lana, hilos, harina, cosméticos, maíz, trigo, haba, arveja, telas, productos naturales, etc.
Los ahorros los utilizarán para comprar una casa, artefactos para el hogar, aumentar su capital y para L. educación D. sus hijos.
Los sueños D. las socias son comprar su terreno, construir su casa, ampliar su negocio, tener sucursales, comprar un carro, que sus hijos sean profesionales y tener estabilidad económica.

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
  • 74
    View loans »
    Peru Loans Fundraising
  • $53,936,350
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Confianza Group's $3,900 loan helped a member the loans will be used to purchase chickens, pigs, turkeys, milk, sugar, rice, shirts, pants, jerseys, blouses, wool, thread, flour, cosmetics, corn, wheat, beans, peas, fabric, and other natural products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 14, 2008
Listed
Dec 31, 2007
Currency Exchange Loss:
Covered
Ended:
May 15, 2008