The members have different businesses such as selling fish, fruits, handicrafts, vegetables, groceries, cosmetics by catalog, spare parts and clothing. They sell in different markets in the city of AyaC., in their homes and some sell by traveling from place to place.
The members need loans of different amounts. Some loans are for 300 soles or 600 soles but make up a grand total of 12,600 soles in loans from the communal bank.
The loans will be used to purchase tomatoes, carrots, onions, sugar, rice, pasta, cooking oil, perfumes, paint, fish, spare parts, sweaters and coats.
The dreams of the members are to grow their businesses, have their own home, buy nice things and that their children become professionals.
Translated from Spanish by Hugh Yarbrough, Kiva Volunteer.
El Banco Comunal Sabiduría II es un banco que recién inicia con 27 socias, algunas de las socias fueron invitadas por socias de otros Bancos Comunales, otras fueron invitadas por las promotora.
Las socias realizan diferentes negocios como la venta pescado, frutas, artesanía, verduras, abarrotes, cosméticos por catalogo, repuestos y ropa.
Sus ventas los realizan en diferentes mercados de la ciudad de AyaC., en sus casas y algunas de manera ambulatoria,
Las socias necesitan diferentes montos de préstamos, algunos montos son de 300 soles, 600 soles, haciendo un total de 12,600 soles de préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra de tomate, zanahoria, cebolla, azúcar, arroz, fideo, aceite, perfumes, pinturas, pescados, repuestos, chompas y casacas.
Los sueños de las socias son ampliar sus negocios, tener casa propia, comprar sus artefactos y sus hijos sean profesionales.
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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