San Antonio De Padua Group
Victoria is a single mother with a 20-year-old son who is currently studying at the University of Alas Peruanos. She helps run a restaurant that offers all types of Peruvian dishes. Her dream is to have her own restaurant and open a small store in the area. She is saving because the interest she earns continues to grow, and she plans to use the money to open her own store in the future.
Benigna lives with her partner and their 4 children, who are all in school. She has a small snack bar in the area. She hopes to open her own small restaurant in December 2008. She is currently saving to purchase more materials to stock her future restaurant and for her knitting business.
Felicitas is married with four children, aged 26, 22, 16, and 12. Felicitas has been selling candies since she was young, and she has now begun selling children's clothing. Her dream is to have her children become professionals. She is very proud that her two eldest are studying at the university in Ayacucho--they are on their way. She is currently saving to ensure they remain in school and to supply her future needs.
Felicitas will invest this loan by purchasing more clothing to sell. Benigna plans to purchase groceries to stock her snack bar, along with yarn because she also spends time knitting. Victoria will invest in her business by purchasing drinks and groceries to keep her restaurant stocked with food.
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