Lindsay has three businesses. She sells “caña”, an alcohol made from sugar cane, she sells food staples such as flour, rice and sugar, and in addition she travels nine hours once every two weeks to buy clothing in Lima that she then sells in Ayacucho. Lindsay has been selling food staples and clothing for two years, but only recently started selling caña. She now has three stores where she distributes the alcohol.
Lindsay needs a loan of 2500, soles which she will use to expand her caña business.
One of the most important aspects of the community bank is the interest earning savings account each associate has. Lindsay plans to use her savings to buy a car. Her dream is to eventually have a large grocery distribution center, and to start buying caña directly from the producers in northern Peru.
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