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Fraternidad Group
In this Group: Rosa Carmen, Julia, Salustia, Modesta, Victoria, Trinidad, Ayde Noymi, Rosalia, Raquel Eva, Gianina Camela, Silvia, Nelly, Demetra, Soyla, Rosa Luz, Julio
The “Fraternidad” (Brotherhood) communal bank starts its 7th cycle with 16 members who have a variety of businesses like: general grocery sales, food sales, cheese, alfalfa, cereals, clothes, fruit and also building materials.

Rosa is the President for this cycle. She’s 47 years old, married and has five children. By profession, she’s a Practical Nurse but she does not practice due to her children. She sells firewood and cereals at home. She’s been in the communal bank since it began. She likes her communal bank’s meetings at FINCA Perú because one can save. She used her savings to pay for her children’s education. Now, she’s saving up for her children’s higher education. Her dream is that the business continues to grow and that her children become professionals.
View original language description ↓
El Banco Comunal Fraternidad, inicia su ciclo 7, con 16 socias las cuales tienen diversos negocios como L. venta D. abarrotes en general, venta D. comida, queso, alfalfa, cereales, ropa, frutas y tambien materiales D. construcción.
Rosa, es L. presidenta para éste ciclo, tiene 47 años, es casada y tiene 5 hijos. Es D. profesión Técnica en Enfermería pero no ejerce por sus hijos. Se dedica a L. venta D. leña y cereales en su casa. Está en el banco comunal desD. su inicio. Le gusta las reuniones D. su Banco Comunal en FINCA Perú, porque se pueD. ahorrar. Con sus ahorros pagó L. educación D. sus hijos. Ahora está ahorrando para L. educación superior D. sus hijos. Su sueño es que su negocio siga creciendo 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
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Fraternidad Group's $4,025 loan helped a member to buy cereals at wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
May 29, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011