Eleodora is married and has seven children, four of whom live with her. Eleodora makes typical clothing, which is mainly used for festivals and parades. She makes sashes, blouses, and skirts, which she learned to do from her mother-in-law. Eleodora sells her products at various markets around Ayacucho.
Eleodora needs a loan of 1600 soles (3 soles = $1), which she will use to buy fabric, thread, zippers, and buttons.
One of the most important aspects of the community bank is the interest-earning savings account each associate has. Eleodora plans to use her savings to educate her children and to construct her home. Her dream is to own a home, that her children will be professionals, and that she will have a secure job.
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