Francisca sells motor oil and gasoline from her home. She started this business because her husband is a mechanic, and she noticed that there was a demand for these items. She started the business and, since joining the community bank, has been able to expand her selection. Francisca also grows vegetables and raises animals that she later sells to middle men that visit her village.
Francisca needs a loan of 3000 soles (3 soles = $1), which she will invest in buying motor oil and gasoline.
One of the most important aspects of the community bank is the interest-earning savings account each associate has. Francisca plans to use her savings in the case of an emergency and to pay for her children’s education. Her dream is that her children receive a good education, that her business continues to grow, and to open a mechanic shop with modern machinery.
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