Basilia is 48 years old. She is married and has seven children. Basilia owns a bakery where she makes a variety of breads. For the past five years Basilia has worked together with her children and husband to make the business successful. She and her husband started out as employees in another bakery but little by little were able to open their own store. They sell their bread from their house and at a variety of markets in the towns of Putaja and Tambo Cucho.
Basilia needs a loan of 2600 soles (3 soles = $1), which she will invest in buying flour, butter, and yeast.
Basilia will use her savings to build a house out of more durable materials.
Her dream is that her business will continue to grow and that her children will be professionals.
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.
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Success!! The loan was 100% repaid