Angélica, 51 years old, is a single mother with one child. She sells cereals at the “12 de Abril” market. During the holiday season, she also bakes breads and makes typical jams.
Hayde is a 59 years old widower with two children. She sells second hand clothes at the different regional fairs.
Angélica and Hayde need loans for 800 and 200 soles, respectively, which they will invest in the purchase of barley, wheat, garbanzo beans, lentils, and second hand clothes.
The dreams of Angélica and Hayde are to see their children become professionals, to own a house in the city’s downtown and to have their own capital.
Translated from Spanish by Leticia Britos, Kiva Volunteer.
Angélica y Hayde pertenecen al Banco Comunal Bonanza.
Angélica es madre soltera, tiene 51 años y un hijo. Angélica vende cereales en el mercado 12 de abril, y además elabora panes y dulces típicos de la zona, actividad que realiza solo en época de fiestas.
Mientras que Haydee es viuda, tiene 59 años y dos hijos. Haydee vende ropa usada en las diferentes ferias de la región.
Angélica y Hayde necesitan préstamos de 800 y 200 soles, respectivamente, dinero que será invertido en la compra de cebada, trigo, garbanzo y lenteja, y ropa usada.
Los sueños de Angélica y Haydee son que sus hijos sean profesionales, tener una casa en el centro de la ciudad y capital propio.
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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