Nuevo Dia Group
The members have different businesses like selling prepared meals, clothes, grains, vegetables, groceries, games, crafts, potatoes, small animals as well as offering tailoring services.
Each member has a different background. Maricruz, for example, runs a tailor shop and beauty salon in the same premises.
Elizabeth, for instance, sells groceries in various markets in the region as well as surgical clothing for well established customers.
The members request different amounts of loans: some 400, others 600, 800 or 1000 soles for a total amount of 9600 soles through the community bank.
The loans will be used to purchase surgical clothes, pants, chicken, tomatoes, pumpkin, potatoes, cloth, meat, rice, sugar, and also to furbish their shops with armchairs and mirrors.
The dreams of the members of the community bank are to have flourishing and stable businesses, to build houses and to be able to provide a good education for their children.
Translated from Spanish by Jimena Almendares Leistner, Kiva Volunteer.
El Banco Comunal Nuevo Día es un banco joven que se inició hace 4 meses. Actualmente tiene 2 ciclos y 20 socias.
Las socias realizan diferentes negocios como la venta de comida, ropa, cereales, verduras, abarrotes, juguetes, artesanía, papa, animales menores y servicios de confección de prendas de vestir.
Cada socia tiene una historia diferente como es el caso de Maricruz que tiene un taller de confección de prendas de vestir y también un salón de belleza en un mismo local.
Por otro lado Elizabeth vende abarrotes en las diferentes ferias de la región y además vende ropa quirúrgica a clientes ya establecidos.
Las socias necesitan diferentes montos de préstamos, algunos montos son de 400 soles, 600 soles, 800 soles, 1000 soles haciendo un total de 9,600 soles de préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra de ropa quirúrgica, pantalones, pollo, tomate, zapallo, papa, telas, carne, arroz, azúcar y para implementar su local con sillones, espejos.
Los sueños de las socias son que sus negocios prosperen, tener un negocio estable, construir su 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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