Flor De Retama Group
The members have different business such as the sale of groceries, cheese, clothes, pottery, glassware, drinks, plastic products, haberdashery, candy, food and also offer cosmetic services.
The members need different loan amounts, some of 300 soles (around $102 USD), some of 600 soles, making a total of 9,600 soles in loans for the Comunal Bank.
They will use their loans to purchase sugar, rice, vegetable, milk, meat, cheese, sodas, beer, noodles, sweaters, shirts, jackets, bags, candy, dyes and cosmetics.
The members dream of having a fixed premises, expanding their businesses, of their children becoming professionals and of owning their own homes..
Translated from Spanish by Inês Teles, Kiva volunteer.
El Banco Comunal Flor D. Retama es un banco que recién inicia con 17 socias, algunas D. ellas son amigas, otras recién se conocen, pero todas están con mucha alegría D. iniciar su Banco Comunal.
Las socias realizan diferentes negocios como L. venta abarrotes, quesos, ropas, locería, cristalería, bebidas, productos plásticos, mercería, golosinas, comida, también brindan servicios D. cosmetología.
Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 600 soles, haciendo un total D. 9,600 soles D. préstamos en el Banco Comunal.
Los préstamos lo invertirán en L. compra D. azúcar, arroz, fideo, verduras, leche, carnes, quesos, gaseosas, cerveza, chompas, camisas, casacas, bolsas, galletas, caramelos, tintes, cosméticos.
Los sueños D. las socias es tener un local estable, ampliar sus negocios, sus hijos sean profesionales y tener una vivienda 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