Ruth is a single mother of a four-year-old daughter; she is 23 years old. Ruth is a computer technician, and she also sells groceries out of her home. Ruth occasionally works at a business selling computers.
Flor is a single mother of two children, and is 32 years old. Flor has a bar in her home, an activity that she has performed for a year. Also, Flor sells cosmetics by catalog. With this loan, Flor will make a down payment on a mototaxi.
Paulina is married, 50 years old, and has five children, three of whom live with her. A nurse by profession, Paulina sells clothing and shoes on credit to her friends and family, products that she brings from the city of Lima. Paulina also sells cosmetics and jewelry from cosmetics. Paulina will use the loan to open a phone center.
Ruth, Flor and Paulina need loans for 600, 1500 and 1000 soles ($1125 total), money they will invest in purchasing soft drinks, noodles, sugar, vegetable, and in making down payments for a motor taxi and a phone center.
Ruth, Flor, and Paulina dream of having a computer sales business, a wholesale grocery store, of purchasing a car, and that their children will grow up to become professionals.
Translated from Spanish by Shannon Skoglund, Kiva volunteer.
Ruth, Flor y Paulina pertenecen al Banco Comunal Ccatarisun que significa “Levantémonos” en quechua, hace 2, 5 , 3 años respectivamente.
Ruth es madre soltera, tiene 23 años y 1 hija de 4 años, Ruth es técnica en computación, Ruth tiene una tienda de abarrotes en su casa. Además Ruth trabaja eventualmente en empresas de venta de computadoras.
Por otro lado Flor es madre soltera, tiene 32 años y 2 hijos, Flor tiene un bar en su casa, actividad que realiza hace 1 año. Además Flor vende cosméticos por catálogo. Flor con el préstamo que obtendrá pagará la inicial de una mototaxi.
Mientras que Paulina es casada, tiene 50 años y 5 hijos de los cuales 3 viven con ella, de profesión enfermera, Paulina vende zapatos y ropa a crédito a amigos y familiares, sus productos los trae de la ciudad de Lima. Además Paulina vende cosméticos, joyas por catálogos. Paulina con el préstamo que obtendrá abrirá un locutorio.
Ruth, Flor y Paulina necesitan préstamos de 600 soles, 1500 soles, 1000 soles, dinero que será invertido en la compra de gaseosas, fideo, azúcar, verduras, para la inicial de su mototaxi y locutorio.
Los sueños de Ruth, Flor y Paulina son tener una empresa de venta de computadoras, una tienda de abarrotes por mayor, comprar un carro y que sus hijos sean profesionales.
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
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.
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