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Romualda's Group
In this Group: Romualda, Esperanza, Fernandina Feliciana
Fernandina, Romualda and Esperanza have been members of the community bank “Retoño” for 2, 7, and 4 years respectively.
Fernandina is 41 years old. She is married and has three children. Fernandina is a textile artisan; she learned this skill from her family. She makes beautiful blankets and tapestries, which she sells from a stand in the artisan gallery of Ayacucho.
Romualda is forty-eight. She is married and has six children. Romualda is also a textile artisan. Together with her family, Romualda makes blankets and table clothes that she sells to an intermediary. In addition, Romualda sells fruits from a cart on the streets of Ayacucho.
On the other hand, Esperanza is 38 years old. She is a single mother and has one son. Esperanza travels to different markets in the region where she buys whole grains, cheeses, animals, and other products that she sells in the markets of Ayacucho. She has been doing this for many years. Fernandina, Romualda, and Esperanza need loans of 800, 1400, and 600 soles (3 soles = $1), which they will invest in buying primary materials such as threads, dies, corn, barley, wheat, cheese, and animals.
In their community bank they have learned how to invest their money, to be punctual, and responsible. They also mentioned that they feel like all of the other women in the bank are their friends.
The community bank emphasizes the importance of saving and each associate has an interest earning savings account. Fernandina, Romualda and Esperanza hope to use their savings to increase the capital of their businesses, build a home, and pay their children’s school fees. Their dreams are to eventually have more capital for their businesses, have more comforts and conveniences in their homes, and that their children will be professionals.

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
  • 179
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Romualda's Group's $975 loan helped a member romualda, and Esperanza need loans of 600, 1400, and 600 soles (3 soles = $1), which they will invest in buying primary materials such as threads, dies, corn, barley, wheat, cheese, and animals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 8, 2008
Jan 25, 2008
Currency Exchange Loss:
Jun 9, 2008