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Valle Hermoso Ccayarpachi Group
In this Group: Teodosia, Julia, Felicita, Magda Eugenia, Cirila, Miriam Alicia, Teofila, Hermelina, Aurelia, Epifania, Irene, Bacilia Elisa, Juana , Natalia, Beatriz, Tomasa, Nancy, Saturnina, Agripina*, Natalia*
* not pictured
The Valle Hermoso Ccayarpachi Village Bank is part of FINCA Peru's Project Wari, an effort to bring micro-loans to rural communities. Valle Hermoso Ccayarpachi is currently in its fifth loan cycle with FINCA. The group members live in the Ccayarpachi community in the province of Huamanga, in central Peru. The community is on the right hand siD. of the Cachi River, in a warm climate. The region produces many fruits and vegetables; many locals also raise large and small animals like cows, pigs, and guinea pigs (a delicacy in Peru).

Teodosia and Hermelina are two members of Valle Hermoso Ccayarpachi.

Teodosia is married with four children, who are 11, 9, 6 and 4 years old and are all in school. She runs a small store, which she opened by gradually saving up the money she earned from selling the animals she raised. Teodosia now hopes to open up a larger store in her own home, which she recently finished building. Teodosia is requesting a loan of 800 soles (US$275) to buy a variety of merchandise to sell in the store she plans to open. Teodosia says that loans from FINCA have helped her expand her business. In the future, she hopes to raise her own pigs and guinea pigs in addition to running the store. She also wants her children to study in the city of Ayacucho, where the schools are higher quality. She says she is saving money in her FINCA account in case her family ever has any trouble or emergency situations.

Hermelina is married with five children who are 28, 25, 18, 14 and 13 years old. She sells chicken, fish and vegetables in Ccayarpachi, and has been in this business for the past 15 years. Hermelina is requesting a loan of 400 soles (US $150) to buy more merchandise to sell so that she can earn more. She says that her business has grown since she began working with FINCA, and that her family is doing very well. She hopes that her younger children will graduate with professional degrees, as her older children already have.

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
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,083,725
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Valle Hermoso Ccayarpachi Group's $3,800 loan helped a member buy grocery items and meat to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2008
Listed
Jan 16, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2009