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Qatun Llaqta Group
In this Group: Mariluz, Eliana, Modesta, Rita, Luisa, Julio, Pelagia, Rony, Adela, Timoteo, Leonarda, Wilfredo, Miriam, Betsy Carolina, Marcelina, Carlos
View original language description ↓
The Qatun Llaqta Communal Bank means “Great People” in quechua. It’s young, as it was started a year ago. It currently has three cycles and 16 partners. The partners of this Communal Bank are from a variety of communities in the Socos state, where the population is employed in agriculture, especially growing corn and raising animals.


The partners note that the Communal Bank has taught them to be punctual and responsible, and to save.



The partners are engaged in a variety of businesses including selling food, vegetables, grains, firewood, raising small animals and embroidering blankets (these are used to carry supplies and children).


Each partner has a different story. Adela, for example, helps her husband sell firewood and embroiders beautiful blankets which she sells in the markets.


The partners need to borrow different amounts, including 300 soles, 450 soles, 600 soles, and 900 soles, for a total loan of 8,700 soles to the Communal Bank.


These loans will buy rice, sugar, carrots, squash, onions, thread, cord, wheat, beans, eucalyptus trees, guinea pigs, and chickens.


The partners dream of seeing their businesses grow and their children receive a better education than they did.

Translated from Spanish by Sarah Bishop, Kiva Volunteer.


El Banco Comunal Qatun Llaqta que significa “Pueblo GranD.” en quechua, es un banco joven que se inició hace 1 año. Actualmente tiene 3 ciclos y 16 socias. Las socias D. este Banco Comunal son D. diferentes comunidades del Distrito D. Socos, donD. la población se dedica a la agricultura en especial D. maíz y crianza D. animales.


Las socias mencionan que en el Banco Comunal las socias aprendieron a ser puntuales, responsables y a ahorrar.


Las socias realizan diferentes negocios como la venta D. comida, verduras, cereales, leña, crianza D. animales menores y bordado D. mantas (que son utilizadas para cargar bultos y sus hijos)


Cada socia tiene una historia diferente como es el caso D. Adela que junto a su esposo venden leña y además Adela hace bellos bordados en mantas que luego venD. en las ferias.


Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 450 soles, 600 soles, 900 soles, haciendo un total D. 8,700 soles D. préstamos en el Banco Comunal.


Los préstamos lo invertirán en la compra arroz, azúcar, zanahoria, zapallo, cebolla, hilos, maíz, trigo, haba, árboles D. eucalipto, cuy y gallina.


Los sueños D. las socias es que sus negocios crezcan y que sus hijos sean mejores que ellas con una educación.

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
  • 82
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Qatun Llaqta Group's $3,175 loan helped a member these loans will buy rice, sugar, carrots, squash, onions, thread, cord, wheat, beans, eucalyptus trees, guinea pigs, and chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 29, 2008
Listed
Apr 9, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 31, 2008