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Amanccay Group
In this Group: Ana Maria, Guillermina Elda, Celestina, Teresa, Alejandra, Julia, Epifania, Emilia, Julia, Feliciana, Lidia, Isabel Ignacia
“Amanccay” is a small rural community bank of FINCA Peru’s Wari Project, which provides its credit with education services in the rural areas of Huancavelica. Huancavelica is considered one of the poorest regions of Peru and has many limitations being a very mountainous area (altituD. ranges from 2,000 – 5,000 meters above sea level), the cold, the difficulty of growing crops and the lack of adequate infrastructure of roads and communication systems.

BCR “Amanccay”, is located at approximately 3,500 meters above sea-level, in the community of Añancusi in the district of Acoria, province of Huancavelica. The name "Amanccay" comes from a local flower. The main activities of the population are the growth of corn, potatoes and wheat (higher altitudes), and at lower altitudes of the Mantaro River tropical fruits. Most of the population also have cows, bulls and sheep, and at the higher altitudes llamas and alpacas. In the small town the population have some shops and proviD. several services, but the main commercial activity is on Tuesday, when there is the local market, where most people do business.

Currently the bank is starting its first loan-cycle with currently 12 female borrowers and a total loan of 4,200 soles (about 1,550 US$). The loans range from 200, 400, and up to 500 soles. As the group is just starting its first cycle, the group was not able to save, except for the initial loan to start. But all agree to save in the future.

One of the members of the community bank is Isabel Ignacia D. L. C. T.. Isabel has a small “cafetin” business where she sells sweets, sandwiches and soft drinks at the local school. Besides her “cafetin” she sells fruits at local markets. With her 200 soles loan, she will buy more things for her business. Sometimes she kills one of the sheep to sell the meat. Like most people she has a small plot of land where the family cultivates a variety of products and has a small stock of cattle. With FINCA Perú she hopes to have her own savings to be able to buy a house in a bigger town, to work more enthusiastically and with more responsibility and to receive trainings. And her dream….. for her son to be a professional!

Another story tells Epifania M. Y., who has her own grocery store. With her 500 soles loan she will buy more groceries to fill up her store again. And like Isabel, she also has a small plot where the family cultivates a variety of products and has a small stock of cattle, but mostly for their own consumption. Her dream for the future is to buy a house in Huancayo, one of the major cities in the central Andes, and for her children to be professionals. With her savings she will able to increase business, buying more merchandise and selling more. Now that she will be working with FINCA Peru, she hopes to save more, to receive trainings and to be respected as a woman.

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

  • $12,000
    Average annual income
  • 85
    View loans »
    Peru Loans Fundraising
  • $59,005,925
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Amanccay Group's $1,575 loan helped a member buy new supplies for business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 13, 2008
Apr 27, 2008
Currency Exchange Loss:
Jan 20, 2009