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Santa Barbara Group
In this Group: Justina, Marciana, Maria Del Carmen, Marcelina, Leonarda, Modesta, Leonardo, Francisca Delia, Maximo, Agustina, Elizabeth, Ambrosio, Susana, Vilma, Hector*, Segundina*, Gloria Susana*, Emilia, Rosa , Santiago Gregorio
* not pictured
The Santa Barbara Village Bank consists of 20 members, most of whom are women. The group is part of FINCA Peru’s Wari Project, an effort to proviD. microloans to people who live far from FINCA’s Ayacucho office by sending loan officers out to the villages in which the clients themselves live. Fourteen group members live in the village of Santa Barbara, while six live in the neighboring villages of Huaynacondo and Ñeque.



The group members are involved in a variety of businesses, but the most common economic activity is raising guinea pigs, or “cuyes,” a Peruvian delicacy. Some clients have just a few dozen guinea pigs, while others have many more. Gloria Susana, for example, has almost 500 guinea pigs, breeding, raising, and selling them to stores, restaurants and individuals to prepare.



Guinea pigs are very delicate, temperature-sensitive animals, so caring for them is quite labor-intensive. Many clients go out themselves at 4 or 5 p.m. each day to cut fresh alfalfa to feed them. Some other group members raise different animals, large and small, such as chickens, cows, and sheep, which they then fatten up and sell at livestock fairs.



Other group members sell dry goods and grains; many travel between Santa Barbara and the city of Ayacucho (which is about an hour away by car) to buy, sell or traD. their wares.



Most of the members plan to use their loans to buy more merchandise to sell, more young animals to raise, or more materials to make their products. Ambrosio, for example, buys seasonal local produce which he loads into a rented truck and brings to the city of Lima to sell. Right now, it is prickly pear season, so he will use his share of the loan to buy boxes of prickly pears. Leonardo is a basket-weaver, so he will use his loan to buy more reeds to make his baskets. Leonarda has a small store and also raises guinea pigs; she will use her loan portion to buy rice, sugar and soda to sell.



The group is pictured along with their loan officer, Hector (far right) and the Wari Project supervisor, Derek Visser (center).

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
  • 73
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Barbara Group's $3,125 loan helped a member to buy young animals, prickly pears, reeds for basket-weaving, merchandise for stores, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2008
Listed
Dec 11, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009