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Huk Sunqulla Group
In this Group: Norma Semida, Justina, Martina, Salesiana Tarcela, Alejandra , Valentina, Violeta Yobana, Gregoria, Maricela Betty, Felicita, Eleodora, Luzmila, Yanet, Martha, Mariela Karina
The Huk SunqulL. ("One Heart" in Quechua) Village Bank is maD. up of fifteen women from the Paucará community of Acobamba Province in central Peru. Paucará is located about 3200 meters above sea level and is mostly flat, with a chilly climate suited to to grow grains and tubers. Most members of the community are dedicated to raising livestock or farming, while others sell merchandise in local markets.

Norma and Martina are two members of Huk SunqulL..

Norma is married with three children who are 12, 8 and 5 years old and are all currently in school. Norma is a schoolteacher, but she is not paid enough to live on, so she also sells dry goods (rice, sugar, flour) at the local Sunday market. When she first started it was tough, since people gossiped about her having to have two jobs, but she says she has gotten past that. In the beginning, her husband didn't want to let her go out to the market to work as a vendor, but once he realized she was earning money he started to help her. Today, Norma says that her business has grown a lot since she started working with FINCA, and her husband is now very understanding. She has developed a better relationship with her family, too. Norma is requesting a loan of 600 soles (US$200) to buy a wider variety of merchandise to sell at her market stall. Norma's dream is to buy a car and for her children to graduate with professional degrees.

Martina is married with two children who are 18 and 12 years old. Martina sells lamb soup and chicken soup in local markets, and also sells at meetings of the "Juntos" program. She has increased her sales since she started selling soup at these meetings, since she used to just work at markets. Martina is requesting a loan of 600 soles to buy more lamb to make soup to bring to other local markets. She says that FINCA has taught her good values and how to be responsible with herself and her family. Her dream in life is to build her own house and to open her own store.

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
  • 131
    View loans »
    Peru Loans Fundraising
  • $56,116,275
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Huk Sunqulla Group's $3,000 loan helped a member buy lamb, dry goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2008
Listed
Jan 16, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2009