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Carolina's Group
In this Group: Carolina, Maria, Karen Diana
Maria, Karen, and Carolina have been associates of the community bank “Alborada” for the past year and a half, four months, and eight years respectively.

Maria is 34 years old. She is married and has five school-age children. She had a small grocery store for five years, but she decided to change businesses and planted a small farm in order to be closer to her children.

Karen lives with her partner and one son. For the past six months, she has had a small booth where she sells a typical food called "adobo" made from pork and onion. Before that she sold cell phones.

Carolina is 22 and lives with her partner and two children.
She sells “chapla”, a typical bread from the region, as well as cheese, pork, corn meal, and other products which she transports to the La Parada market in Lima. In Lima she buys fruits such as papaya, mango, and grapes, which she sells in Ayacucho.

Their loans are for 400, 400, and 600 soles (3 soles = $1) respectively, which they will invest in buying farm animals, rice, sugar, beans, soap, milk, potatoes, and chicken in order to sell a larger variety of foods.

From their community bank, Maria, Karen, and Carolina have learned to be more responsible, punctual, and how to use money more effectively, improve their self-esteem, to be better mothers and to save.

Maria's dreams are to save more and have a bigger store, while Karen dreams of having a restaurant, and Carolina wants to work hard and improve the quality of life for her children.

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
  • 127
    View loans »
    Peru Loans Fundraising
  • $58,863,350
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Carolina's Group's $500 loan helped a member invest in and expand their various businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 31, 2008
Jan 17, 2008
Currency Exchange Loss:
May 31, 2008