Isabel is 24 years old, she is married and has one child. Isabel knits sweaters, which she sells at different markets. She also sells roasted corn from a cart in the center of the city.
Felipa is 40 years old. She also knits sweaters that she sells at different markets. In addition, she sells vegetables at markets around Ayacucho and buys cheese, which she sells in the city.
Zenobia is 42 years old. She is married and has six children. Zenobia travels to different markets selling food staples, and fruits. From the markets she buys grains, cheese, and animals that she sells in the city.
Esabel, Felipa and Zenobia need loans of 800, 800, and 1000 soles (3 soles = $1), which they will invest in buying corn, wool, chickens, sheep, cheese, onion, celery, rice, sugar, and fruits.
In the community bank they have learned to be punctual, and how to invest in their business. In addition, they have learned about self-esteem and how to have a positive relationship with their husbands. Esabel, Felipa and Zenobia dream of being able to open a store in their homes, that their children will be professionals, and to own their homes.
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