Las Legendarias Group
Edith C. V. is also a member of the Legendarias D. Chanquil community bank. Edith's husband left her a year ago and she has been supporting herself and her two children, aged 12 and 10 years. For the past three years, she has been selling cachipas (a type of cheese commonly sold in the area) at the local fairs; with this income, she is able to pay for her home. In addition, Edith also has a small stand in the local elementary school where she sells sodas, sweets and crackers to the students. She will invest her loan of 500 soles into purchasing materials to make cachipas, and for her stand, she will purchase sodas, cookies, candies and gum. Opening a small store in the area is a goal of Edith's. Additionally, she'd like to see her children attend University to become professionals. She is saving her earnings to educate her children.
Vilma A. C. is married with 5 children; the eldest is 20 and the youngest is 10, and they are all in school. Vilma and her family also live in the small community of Chanquil in the region of Ayacucho, Peru. As a member of the community bank, Legendarias D. Chanquil, Vilma dedicates her time to the purchasing and selling of animals. Since she was a little girl, her mom had been teaching her to work and she has continued to do so. The loan of 500 soles will be invested into purchasing better animals to sell at a better price. She dreams of having a roof over her head for her and her family and is currently saving to ensure her children receive an education.
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