Kusi Killa Group
The members undertake varied types of businesses such as the sale of ice creams, wood, cheeses, food items, fruits, sweets and groceries. Their sales activities are conducted in the different markets in the city of Ayacucho as well as on foot.
The members need different loan amounts, some need 300 Peruvian soles, some need 450 soles, some need 600 soles, etc., making the total loan for the group 7,650 soles from the bank.
They will invest their loans into the purchase of cookies, sodas, cheeses, rice, sugar, vegetables, meats, various fruits, wood, fish, lemons and crafts.
Their dreams incluD. helping their children become professionals, to have prosperous businesses and homes, and also to grow their enterprises.
Translated from Spanish by Mary Lynn, Kiva Volunteer.
El Banco Comunal “Kusi KilL.” que significa “Luna Alegre” en quechua, es un Banco que recién inicia con 20 socias.
Las socias realizan diferentes negocios como L. venta D. helados, leña, mercería, quesos, comidas, frutas, comida, golosinas, artesanías y abarrotes. Sus ventas lo realizan en los diferentes mercados D. L. ciudad D. Ayacucho y ambulantemente.
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 450 soles, 600 soles, haciendo un total D. 7,650 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en L. compra galletas, gaseosas, quesos, arroz, azúcar, verduras, carne, frutas variadas, leña, pescado, limón y artesanías.
Los sueños D. las socias son que sus hijos sean profesionales, tener negocios prósperos, una casa y ampliar sus negocios.
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