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San Antonio De Padua Group
In this Group: Nora, Juana, Rosa, Yolanda, Mery Sofia, Adela Daria, Soledad Norma, Victoria, Mirella Luz, Norma, Karina, Olivia, Eustaquia, Lizbeth, Alejandro, Ivonni Edith, Julia, Marina
The San Antonio D. Padua Communal Bank belongs to the Huando community in Huancavelica. This valley has three neighborhoods - Acobamba, Libertad and Progreso and the community is quite charming due to it's commercial area. Among the principle activities of the people are agriculture (corn, potatoes, olluco, barley and wheat), raising livestock (rams, cattle, horses and donkeys) and handicrafts (embroidered white skirts).



Nora S. is married and has two small children ages five and three. Her business is a hardware store that has run continuously with the loans she receives. With the current loan she will buy a large quantity of cement. Her dream is that her two beautiful treasures, as she calls them, are able to study and become professionals.



Norma M. has eight children. She went into business selling hot drinks. Now she sells clothing, food and fruit depending on the season. Before, she could not count on having business capital because she used all of her earnings to feed her children. Her husband drives a tractor that he rents to institutions. Now Norma can save for the education of her children who are in college.



Soledad S. is married. Her business is selling CDs and DVDs. She is thankful for the communal bank meetings because she has learned a lot. She wants to invest her loan in the purchase of plastics because she has seen that there aren't any in the Huando community.

View original language description ↓
El Bancomunal San Antonio D. Padua pertenece a la comunidad D. Huando en Huancavelica. Este Valle tiene 3 barrios, Acobamba, Libertad y Progreso, la comunidad es bastante acogedora por su zona comercial. Entre las actividades principales que realizan esta la agricultura (maíz, papa, olluco, cebada, trigo), la ganadería (carnero, vacas, caballos, burros) y la artesanía (bordado D. fustanes).


Nora S., es casada, tiene dos hijos pequeños D. 5 y 3 años. Su negocio es una ferretería la cual ha surtido continuamente con los préstamos que recibe. Con el préstamo D. ahora comprará cemento en cantidad. Su sueño es que sus dos lindos tesoros, como les llama, tengan estudios y sean profesionales.


Norma M., tiene 8 hijos, se inició en el negocio vendiendo bebidas calientes, ahora ella venD. ropa, comida y fruta, esto es según la temporada. Antes no contaba con capital pues las ganancias las utilizaba en la alimentación D. sus hijos. Su esposo maneja un tractor que alquila a instituciones, ahora Norma pueD. ahorrar para la educación D. sus hijos que están en la universidad.


Soledad S., es casada, su negocio es la venta D. Cds y DVDs, agradece las reuniones D. su bancomunal porque ha aprendido mucho, su préstamo lo quiere invertir en la compra D. plásticos pues ha visto que en la comunidad D. Huando no hay.

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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Antonio De Padua Group's $4,650 loan helped a member the San Antonio de Padua Communal Bank requests a loan for 13,900 soles that will be used by its 18 members to invest in their businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 22, 2008
Listed
Oct 7, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009