Kausachun Colca Group
Magna dedicates her time to selling candies at the door of a local school and in front of a nearby church. Magna, a widow, has six children that are married. She is currently saving so she can have savings when she is older and is unable to work.
Reyna Placida runs a small snack bar which she is very happy to have as her own business. She is currently living with her husband and their 3 children. A dream of hers is to move from her small town to the city, which will proviD. better opportunities for her children in the future. She dreams that in the future, her children will continue their education, attend the university and become professionals.
Gloria is an unwed mother of 2 children, aged 19 and 10. She works selling small animals and small house ware appliances at the local fairs; she has a lot of hope and is learning to run her own business. She dreams of owning her own small snack store and that her children continue their education to become professionals.
With their loan of 1300 soles, Gloria will invest her part of the loan into small appliances and small animals. Magna plans to invest her loan to purchase more candies and food to prepare for the teachers at the school where she sells candies. Reyna Placida plans to invest her part of the loan into increasing the variety of options her customers have at the snack shop.
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