Delmira Araha M. lives in Anta with her husband and five children, aged 28, 25, 22, 18 and 16. The loan she has requested is for 300 nuevos soles (approximately $100). She runs a grocery store that also provides phone services. Delmira opened her store five years ago with very few things and has been able to invest in her store with loans received from FINCA Perú. Since all of her children have finished school they help her with her store. With the income she receives she hopes to improve her business and cover necessities with the help of her husband. She has also been saving money to improve her business and also to have a savings just in case something happens to her and/or her family in the future.
Luzmila Q. E. lives in Anta with her husband and three children, aged 16, 13 & 10. Her loan request is for 600 nuevos soles (approx. $200). She has had her own small restaurant for the past two years. She had problems when she first opened her restaurant because she didn't have a reputation yet in the neighborhood, but she now has many clients. She has been able to invest in her restaurant by purchasing more chairs and tables, with the loans she receives from FINCA. She dreams that her restaurant and the savings she accumulates will keep her children in school so they can eventually become professionals.
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