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Ccatarisun Llaqta Group
In this Group: Filomena, Eduarda, Patricia, Andria Justina, Maria, Rosa, Sonia, Herminia, Eugenia Cecilia, Constantina, Maximiliana, Rosy Erika, Carmen, Claudia Gloria, Reyna, Cecilia
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The communal bank Ccatarisun Llaqta is located in the District of Acoria in the Huancavelica region, Peru's poorest region, at an altituD. of 2880 meters above sea level. The prinicipal economic activities of the people in the region are agriculture, livestock raising and commerce.

Filomena C. R., a single mother of a 3 year old boy, is requesting a loan of 400 soles (Peruvian currency). Her business is vegetable sales. Starting as a child she worked selling vegetables in order to support her younger sisters. Her goal is to sell vegetables in every fair. To meet this goal she needs capital, but previously no one would loan to her because she did not meet the approval requirements. When she was ill for a time, her business suffered and she had to borrow money from her neighbor at 10% interest. Finally she saw that a FINCA representative was giving out loans accompanied by business training. Says Filomena, "From that moment FINCA trusted me, lending me the capital to grow my business. I bought embroidery thread and now I am embroidering the petticoats local women wear under the skirts of our traditional dress; it is going very well." One of Filomena's obstacles has been a year-long bout of gastritis, which severly impacted her business, but she had the support of her family and FINCA. With the loan, she is going to buy cloth with which to make aprons, since she has a small sewing machine. Through local bartering, she trades the aprons that she makes for corn and barley. She dreams of one day opening a clothing store with her own savings, and sellling wholesale. Some day she would also like to get to know the capital city of Lima, arriving there as a business woman.

Patricia R. R. is married with 8 children ranging in age from 12 to 22. All of her children are in school; the eldest attends the national university. She is requesting a loan of 800 Peruvian soles. Her business is the sale of lambs; Patricia raises sheep. Before she was born her father passed away. As a result, the people of the village marginalized her. A friend took her to Lima where she got married and started a business with her husband. Unfortunately, the couple lost everything in a robbery and had to return to her village with nothing. That's when Patricia began to raise her sheep. "When FINCA arrived in the village the community did not support me in my application for a loan because they did not believe I would be able to repay it, but I stood my ground. In the end, FINCA loaned me the money and gave me the business training. I was able to reopen my business selling meat and free range eggs. Now that I qualify for a larger loan I would like to begin selling my meat in Lima. Thanks to FINCA and their training courses, I feel valued, and the people no longer marginalize me since I now have a stable business." The loan will be invested in rams, more eggs, and cheese. Her dream is to have a butcher stand in the city of Huancavelica, and to support her son in the university, in the hope that he will later be able to support his younger siblings, so that they, too, may go on to be professionals.

Maria C. R., single mother of a 4 year old son, is taking out a loan of 800 Peruvian soles. She sells potatoes, and has now started a business making embroidered petticoats. "In the beginning I did not want to walk into the training meetings; I didn't say a word in them. Now I am very talkative." Maria is the local president of the Glass of Milk program, a national social program providing basic and much-needed nutrition to the poor. Her leadership of that program demonstrates that she knows how to value herself as a woman. Now, she says, people say that she is an entrepreneur, thanks to God, because FINCA trusted her. Maria overcame a difficult obstacle in life: the father of her son left her, leaving her with only the support of an aunt. With the loan from FINCA she will buy an embroidery frame and perhaps hire an assistant. She dreams of owning her own embroidery business, which she will call "El Resplandor" ( perhaps "The Glow" or "The Gleam" in English).

Translated from Spanish by Erin Corcoran, Kiva volunteer.


El Bancomunal Ccatarisun Llaqta perteneciente al Distrito D. Acoria y al departamento D. Huancavelica (el mas pobre del Perú), ubicada a una altitud D. 2880 m.s.n.m, las principales actividades son la agricultura, ganadería y el comercio.


Filomena C. R., madre soltera D. un niño D. 3 años, solicita un préstamo D. 400 soles, su negocio es la venta D. verduras, desD. niña trabajaba con verduras, para mantener a sus hermanitas, su meta es vender verduras en cada feria es por eso que necesita Capital, pero antes nadie le prestaba, no cumplía los requisitos, llego a enfermarse entonces su negocio bajo y tuvo que prestarse D. su vecina al 10% D. interés hasta que observó que una promotora D. FINCA trabaja dando crédito con capacitaciones, Filomena dice: “...desD. ese momento FINCA confío en mi, prestándome para crecer en mi negocio, compre hilos D. bordar, telas y ahora estoy bordando fustanes y me va bien...”. Una dificultad que tuvo fue enfermarse D. gastritis fracasando 1 año en el negocio, pero tuvo el apoyo D. su familia y D. FINCA. Con el prestamos va a comprar mas telas para confeccionar mandiles por que tiene su maquinita D. coser, los mandiles que hace los cambia en trueque con maíz y cebada. Su sueño es tener una tienda D. ropa y vender al por mayor, con sus ahorro tener una tienda y algún día quiere conocer Lima e ir como empresaria.


Patricia R. R., casada, con 8 hijos cuyas edades están entre12 y 22 años, van a la escuela y el mayor esta en la universidad Nacional, solicita un préstamo D. 800 soles, su negocio es la venta D. corderos (pastora). Antes que naciera falleció su papá por lo que la gente D. su pueblo la marginaba, una amiga la llevo a Lima donD. se casó y puso un negocio con su esposo pero les robaron todo y tuvo que regresar a su pueblo sin nada, comenzó a pastorear sus ovejitas, cuando llego FINCA las D. mi comunidad no me apoyaron para recibir mi préstamo por que creían que no podía pagar, pero me puse fuerte y FINCA me prestó y capacitó, puD. retomar mi negocio vendiendo carne, huevo D. corral. Ahora que me aumentaron D. préstamo quiere llevar carne a Lima. Gracias a FINCA y sus capacitaciones me siento mas valorada y la gente no la margina pues ya tiene un negocio seguro. El dinero del préstamo lo va invertir en carneros, mas huevos y queso. Su sueño es tener un puesto D. carnicería en la ciudad D. Huancavelica, apoyar a su hijo en la universidad para que él apoye después a sus hermanitos para que también sean profesionales.


Maria C. R., madre soltera con 1 hijo D. 4 años, saco un préstamo D. 800 soles, venD. papas, se inició trabajando confeccionando fustanes en bordado simple y aplicaciones. Nadie quería prestarle pero llegó FINCA y le prestó para comprar mas lana y tela. Al inicio no quería entrar a mis reuniones pues era callada pero ahora ya soy habladora. Es presidenta del programa D. vaso D. leche, señala que sabe valorarse como mujer y ahora dicen que es empresaria gracias a Dios por que FINCA confió en ella. El problema que supero es que el padre D. su hijo la dejó y solo contó con el apoyo D. una tía. Con el préstamo D. FINCA va comprar bastidor D. bordar y tal vez contrate un peón. Su sueño es tener su pequeña empresa D. bordado “el resplandor”

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
  • 70
    View loans »
    Peru Loans Fundraising
  • $54,533,225
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ccatarisun Llaqta Group's $2,750 loan helped a member the communal bank Ccatarisun Llaqta is requesting a loan of 8100 Peruvian soles. The group is made of 16 women who live in the Quimina community. They want to use the loan to carry out their plans for their businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 21, 2008
Listed
Sep 7, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009