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María Magdalena
María is a member of the Sarita community bank. She is 40 years old and lives with four of her five children. Three years ago María's husband died and she had to face the challenge of raising her children completely on her own. She is requesting this loan for her business selling kitchenware. She buys pans, plates and spoons wholesale and then sells them as an itinerant vendor. She says that she always tries to have a selection of products in stock.

María has been working with FINCA Peru for more than 15 years. When her husband died she took a year out and then returned when she was able to overcome her loneliness. Although the absence of her partner caused her a lot of suffering, she never fell into debt. What María most enjoys about her community bank meetings are the values of punctuality and responsibility that are instilled into everybody and the friendships that she has with her fellow group members.

María's eldest son is in Huancayo, finishing his degree so that he can become a teacher. María is saving up so that she can cover the last remaining payments for his studies. Through FINCA Peru, María saves for her children and says that, thanks to this support, she is always able to provide food for her household and cover her children's transport costs. María always bears in mind that the most important thing is to always work with happiness and love and that, with this outlook, everything turns out well.
View original language description ↓
María es socia del Banco Comunal Sarita, tiene 40 años y vive con cuatro de sus cinco hijos. Hace tres años su marido falleció y María tuvo que enfrentar el desafió de criar a sus hijos completamente sola. Ella solicita el préstamo para su negocio de venta de lozas. Ella compra ollas, platos y cucharas por mayor y las vende como ambulante. Dice que siempre trata de tener una selección surtida de sus productos. María lleva mas de 15 años con FINCA Perú pero cuando falleció su esposo se salio por un año y luego volvió cuando pudo superar la soledad. Aunque la ausencia de su pareja le causo mucho sufrimiento ella nunca cayó en deuda. Lo que mas le gusta a María de las reuniones de su Bancomunal son los valores de la puntualidad y la responsabilidad que le han inculcado y las amistades que ha creado con las socias. Su hijo mayor esta en Huancayo sacando su titulo para ser profesor y María esta ahorrando para pagar lo ultimo que le queda de estudio. En FINCA Perú ella ahorra para sus hijos y dice que gracias a ese apoyo nunca le hace falta comida en su hogar o para los pasajes de sus hijos. María siempre tiene presente que lo mas importante es siempre trabajar con alegría y amor, y que con esa perspectiva todo sale bien.

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.

About Peru

  • $6,715
    Average annual income
  • 65
    View loans »
    Peru Loans Fundraising
  • $54,552,250
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped María Magdalena to buy pans, plates and spoons wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2011
Listed
Jul 22, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011