Modesta is a single mother: she is 41 years old, and has two children. Modesta travels to the fairs in the region selling fruits and buying cereal grains which she then processes and sells in the markets of Ayacucho. In addition, Modesta raises guinea-pigs.
Justina is also a single mother, aged 48 and with one daughter. Justina travels to different regional fairs where she sells various types of fruit and purchases cereals which she then sells in the markets in Ayacucho town. Additionally, Justina raises young animals for livestock.
Meanwhile Maria is also a single mother, aged 33 and with one daughter. Maria has a grocery store she runs from her house: additionally she raises young animals for livestock.
Modesta, Justina and Maria need loans of 600, 1000 and 1500 soles, money which will be invested in the purchase of wheat, barley, broad beans, peas and guinea-pigs for fattening.
Modesta, Justina and Maria dream of being able to educate their children, increase their capital, and have a large barn and recreation area.
Translated from the Spanish by Katy Long, Kiva Volunteer
Modesta, Justina y Maria son socias del Banco Comunal Santa Bárbara, las socias son de la comunidad del mismo nombre que pertenece al Distrito de Tambillos que queda a 30 minutos de la ciudad de Ayacucho.
Modesta es madre soltera, tiene 41 años y 2 hijos, Modesta viaja a las ferias de la región donde vende frutas y de las ferias compra cereales que luego procesa y vende en los mercados de la ciudad de Ayacucho. Además Modesta se dedica a la crianza de cuyes.
Por otro lado Justina es madre soltera, tiene 48 años y 1 hija, Justina viaja a las diferentes ferias de la región donde vende frutas variadas y de las ferias compra cereales que vende en los mercados de la ciudad de Ayacucho. Además Justina se dedica a crianza de animales menores.
Mientras que Maria es madre soltera, tiene 33 años y 1 hija, Maria tiene una tienda de abarrotes en su casa, además se dedica a la crianza de animales menores.
Modesta, Justina y Maria necesitan prestamos de 600 soles, 1000 soles, 1500 soles, dinero que será invertido en la compra de trigo, cebada. Haba, arveja, cuyes para engorde.
Los sueños de Modesta, Justina y Maria son educar a sus hijos, incrementar su capital, tener un recreo y un galpón más grande.
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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