La Paz Group
The members are engaged in different businesses, such as the sale of groceries, clothes, cheeses, foods, fruits, firewood, drinks and small animals.
The members need different amounts of loans; some of the amounts are 300 soles or 600 soles, adding up a total of 12,000 soles of loans in the Community Bank.
The loans will be used for the purchase of rice, noodles, oil, sugar, beer, soft drinks, eucalyptus trees, animals, cheeses, polos, sweaters, fruits and firewood.
The dreams of the members are that their businesses prosper, they have a good house and their children have a good education.
Translated from Spanish by Helen C. Smith, Kiva Volunteer.
El Banco Comunal “La Paz” es un banco que recién inicia con 24 socios. Los socios son provenientes D. la comunidad D. Yanama, distrito D. Carmen Alto, que esta a 30 minutos D. la ciudad D. Ayacucho. Esta comunidad esta integrado en gran mayoría por personas que migraron D. diferentes provincias del departamento y que invadieron estas tierras.
Los socios realizan diferentes negocios como la venta D. abarrotes, ropa, quesos, comidas, frutas, leña, bebidas, animales menores.
Los socios necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 600 soles, haciendo un total D. 12,000 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra D. arroz, fideo, aceite, azúcar, cerveza, gaseosas, árboles D. eucalipto, animales, quesos, polos, chompas, frutas y leña.
Los sueños D. los socios es que sus negocios prosperen, tener una buena casa y que sus hijos tengan una buena educación.
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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