Mundo Magico Group
The President for this loan cycle is Leonor. She is 44 years old and a single mother with three children. Leonor owns a grocery store. The loan she is requesting will be invested in the purchase of rice, sugar, noodles, milk, flour, and eggs to restock her inventory.
Leonor joined FINCA Peru after being invited by a friend. She is grateful for having accessed the loans she has received and being able to save without much effort. Leonor also enjoys the seminars related to family and business. She is saving for her daughter’s degree.
Leonor ingresó a Finca Perú, por la invitación D. una amiga, le agrada por la accesibilidad con que recibe los préstamos, y porque ahorran sin darse cuenta, tambien le gusta porque recibe charlas D. temas sobre la familia y el negoció. Está ahorrando para la titulación D. su hija.
About FINCA PeruThis 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.
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Success!! The loan was 100% repaid