The members partake in different businesses, such as food, firewood, grains, clothing, provisions, small animals, maize beverages, flowers, and bread.
The members need varying loan amounts, from 300 to 600 Peruvian Soles, totaling 9,000 soles in loans from this bank.
They will invest the loan money in the purchase of pants, polo shirts, blouses, wheat, barley, pigs, firewood, rice, sugar, cooking oil, fruits, and vegetables.
The members’ dreams are for their businesses to grow, their children to become professionals, and have their own homes.
Translated from Spanish by Elizabeth Casian, Kiva Volunteer.
El Banco Comunal Perseverancia es un banco que recién inicia con 20 socias.
Las socias realizan diferentes negocios como la venta D. comida, leña, cereales, ropa, abarrotes, animales Los préstamos lo invertirán en la compra D. pantalones, polos, blusas, trigo, cebada, cerdo, leña, arroz, azúcar, aceite, verduras y frutas.
menores, chicha, F. y panes.
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 600 soles haciendo un total D. 9,000 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra D. pantalones, polos, blusas, trigo, cebada, cerdo, leña, arroz, azúcar, aceite, verduras y frutas.
Los sueños D. las socias son que sus negocios sean grandes, sus hijos sean profesionales, tener casa propia.
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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Success!! The loan was 100% repaid