Clara is 63 years old. She is married and has four children, two of whom live with her. Clara grows parsley, cilantro, and other agricultural products that she sells in Ayacucho.
Tania is 21 years old. Tania is a tailor; she makes dress clothing and costumes ordered by established clients. Tania operates her business from her home and also works at a costume shop, where she does embroidery and finishing work.
Ruth is 23 years old. She lives with her partner and 1 year old son. For the past year, Ruth has been running a store where she sells food staples such as rice, flour, and sugar. She buys products in the city of Ayacucho and then sells them in her town.
Clara, Tania, and Ruth need $425, which they will use to buy seeds, fabric, soft drinks, beer, rice, and sugar.
One key aspect of the community bank is the interest earning savings account each associate has. Clara, Tania, and Ruth plan to use their savings to educate their children, open a women’s clothing shop, and in the case of an emergency. Their dreams are to own a tailor shop with industrial sewing machines, own a home, and that their children will be professionals.
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
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Success!! The loan was 100% repaid