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Adela's Group
In this Group: Adela, Norma, Lucia, Rosa Claudia, Catalina, Ernestina Antonia, Hilario, Elsabite, Otilia, Julia, Rosa Maria, Zoraida, Nemesio Percy, Dina, Victoria
View original language description ↓
The Community Bank “Casaorcco” is a new bank that opened 6 month ago. It has 15 female associates who live in the community of Casaorcco in the Carmen Alto district, one hour from the city of Ayacucho. Here, they learned how to be punctual, responsible and care for their children.



The associates have different businesses like raising and selling small animals, grain, livestock fattening, candy, clothing and wood. But, each one has a different story. Adela Calderón, for example, sells clothing at the markets and also buys grain there.



Since each associate’s need is different, the loans differ too. The amounts solicited range from 300 soles to 450 soles to 600 soles, for a total of 8,700 soles (3 soles = 1 US dollar) in loans from the Community Bank. This money will be invested in cattle, bulls, sheep, corn, wheat, barley, peas, wood, clothing and animal feed.



They’ll use their savings to buy school supplies for their children, increase business capital and buy basic needs.



The associates have big hopes for the future: that their children will aspire to something better than their parents; their businesses will grow and prosper; they’ll be able to improve their living conditions; and their children will become professionals.

Translated by Beatriz Yuste, Kiva Volunteer.



El Banco Comunal Casaorcco es un banco joven que se inició hace 6 meses. Actualmente tiene 2 ciclos y 15 socias. Las socias D. este Banco Comunal son D. la comunidad D. Casaorcco que pertenece al distrito D. Carmen Alto, ubicado a 1 hora D. la ciudad D. Ayacucho. Las socias nos cuentan que en el Banco Comunal las socias aprendieron a ser puntuales, responsables y como atender a los hijos.


Las socias realizan diferentes negocios como crianza y venta D. animales menores, venta D. cereales, engorD. D. animales, venta D. golosinas, ropa y leña. Cada socia tiene una historia diferente como es el caso D. Adela Calderón que venD. ropa en las ferias y D. las ferias compra cereales.


Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 600 soles, 450 soles, haciendo un total D. 8,700 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra D. ganado, toros, ovino, maíz, trigo, cebada, arveja, leña, ropa y alimento para sus animales.


Los ahorros los utilizarán para comprar los útiles escolares D. sus hijos, incrementar el capital D. sus negocios y para alguna necesidad.


Los sueños D. las socias es que sus hijos sean mejores que ellos, negocios crezcan, mejorar sus casas y que sus hijos sean profesionales.

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

  • $6,715
    Average annual income
  • 129
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Adela's Group's $3,025 loan helped a member to buy cattle, bulls, sheep, corn, wheat, barley, peas, wood, clothing and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 28, 2008
Listed
Mar 12, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 8, 2008