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Apostol Santiago Group
In this Group: Primitiva, Leonor, Hilda, Magdalena, Alejandra, Guillerma, Maria, Sergia, Alejandra, Lucila
The community of Puca Cruz belongs to the Rosario District, province of Acombamba, department of Huancavelica. Puca Cruz is approximately 3800 meters (12,500 ft) above sea level, a community that is economically based principally on raising cattle and sheep, agriculture (mostly barley, wheat, oats and potatoes) and in some cases commercial cattle-raising in the fairs in the district capitals (Acombamba and Paucará). Puca Cruz is situated between Paucará and Acobamba and being the necessary pathway between the two cities, most of the people are engaged in trade activities.


Primitiva S. T. is a member of the village bank with a loan of 600 Peruvian Nuevo Soles ($210 USD). She says: "My business is to buy and sell livestock such as sheep, cows and pigs that I bring to Paucará and the Acombamba fair. Furthermore I raise animals and cultivate oats, barley and potatoes in order to make 'chuño' (dried potato). In a few years I hope to allow my children to study and become professionals. Now they are in Huancayo studying in high school. With FINCA Perú I am going to save for my children´s future because I want to make them study and not only work on a farm. I also hope to increase my livestock. Now I am with FINCA Perú in order to learn how to save and work with more confidence, responsibility and to receive the training that they are going to give."

María G. P. is working with a loan of 600 Peruvian Nuevo Soles ($210 USD) and says the following: "I and my spouse work to buy and sell animals, principally cattle. I myself have a business where I buy and sell sheep and at times cattle. My dream is to enable my children to study in Huancayo or the Institute of Paucará. I have joined FINCA Perú to learn how to save because I have a relative that has joined a village bank and has told me it has been a very good experience. I am going to listen to FINCA´s training and at times celebrate the birthdays of fellow members and learn to practice human values."

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

  • $6,715
    Average annual income
  • 34
    View loans »
    Peru Loans Fundraising
  • $55,917,775
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Apostol Santiago Group's $1,875 loan helped a member commercial livestock raising.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 2, 2008
Listed
Jul 19, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009