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Julia's Group
In this Group: Julia, Hermelinda
Hermelinda is a member of the Village Bank Tarpuy. She is 41 years old, married, and has 3 children, ages 9, 16, and 20. Hermelinda uses her money from FINCA towards her business of selling haberdashery – which includes buttons, threads, ribbons, drapery, etc. She sells these things to people in the countrysiD.. Hermelinda started this business with her husband 15 years ago, but now she operates it alone, and has a business of selling hats with her husband. Hermelinda's dream is to have more money and succeed in her business, and also that her children become professionals.

Julia is a member of the Village Bank Tarpuy. She is 62 years old, widowed, and has 7 children ranging in age from 17 to 38 years old. Julia has a business of selling different types of bread from her house – she has a small sort of bakery in her home. She has been doing this business for 24 years, and says it has become much better in the last 2 years. Julia's dream is that her children will all have good educations and be successful – she is working to help them do this.

Hermelinda and Julia are asking for a loan to increase their businesses. Hermelinda will use the money to buy more haberdashery, and Julia to buy flour, butter, firewood, and other things to use in her bakery.

Additional Information

About FINCA Peru

This 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.

About Peru

  • $12,000
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Julia's Group's $550 loan helped a member to increase their haberdashery and bakery businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 19, 2008
Jul 3, 2008
Currency Exchange Loss:
Dec 15, 2008