Apostol Santiago Group
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."
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