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Melchora's Group
In this Group: Melchora, Irene, Elva Mariley
View original language description ↓
Melchora, Irene and Elva have belonged to the Solidarity Communal Bank for 1 year, 8 months and 8 months respectively. Melchora is married, she is 54 years old and has 6 children, Melchora travels to the markets of the region where she purchases cereals and she sells them at wholesale in the Nery Garcia market. Irene lives with her boyfriend, she is 28 years old and they have 2 children, Irene travels to the fairs 2 times a month where she purchases cereals and potatoes and sells them in Nery Garcia market. Elva lives with her boyfriend, she is 24 years old and they have one daughter, Elva has a small grocery store in a rented location, in the beginning she was selling from a kiosk but now her business is growing. Melchora, Irene, and Elva need loans of 400 soles, 600 soles, 600 soles, money they will invest in the purchase of wheat, barley, peas, corn, potatoes, rice, sugar and oil. The dreams of Melchora, Irene and Elva are that their businesses succeed, to expand the store, to have their own home and that their children will be professionals.

Translated from Spanish by Fallon Shields, Kiva Volunteer.



Melchora, Irene y Elva pertenecen al Banco Comunal Solidaridad hace 1 año, 8 meses, 8 meses respectivamente.


Melchora es casada, tiene 54 años y 6 hijos, Melchora viaja a las ferias D. la región donD. compra cereales y lo venD. por mayor en el mercado Nery García.


Por otro lado Irene es conviviente, tiene 28 años y 2 hijos, Irene viaja a las ferias 2 veces por semana donD. compra cereales, papa y lo venD. en el mercado Nery García.


Mientras que, Elva es conviviente, tiene 24 años y 1 hija, Elva tiene una pequeña tienda D. abarrotes en un local alquilado, al inicio Elva vendía en un Kiosco, ahora su negocio esta creciendo.


Melchora, Irene y Elva necesitan un préstamo D. 400 soles, 600 soles, 600 soles, dinero que será invertido en la compra D. trigo, cebada, arveja, maíz, papa, arroz, azúcar y aceite.


Los sueños D. Melchora, Irene y Elva son que sus negocios mejoren, ampliar su tienda, tener casa propia 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
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Melchora's Group's $575 loan helped a member melchora, Irene, and Elva need loans of 400 soles, 600 soles, 600 soles, money they will invest in the purchase of wheat, barley, peas, corn, potatoes, rice, sugar and oil.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 14, 2008
Listed
Mar 31, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2008