San Juan Evangelista Group
Valentina R. D. T. is married and has five children. She has a store which she has been stocking with a wider variety of merchandise since she began taking out loans. She now also sells canisters of gas (for cooking). Her village bank has always been very supportive of her, since it taught her how to save and her savings have helped her through tough times. Thanks to the group training sessions given by her group’s loan officer, Valentina has improved her business. With this loan, Valentina plans to buy more gas canisters for her business. Her dream is to open a large store and for her children to graduate with professional degrees. She plans to use her savings to help two of her children get their degrees.
Vicenta C. is married and has six children. She sells firewood and dry goods from a tent, since her house is still under construction. Vicenta suffered through the death of her 18-year old daughter which left her depressed. She plans to use her loan to buy firewood for her business. Her dream is for her children to grow up to have better lives than she is.
Sabina P. is separated and has three children. She buys and sells mutton, pigs, hens and guinea pigs. Sabina has learned how to command respect and value herself, which led her to separate from her first husband. Her children were being psychologically abused, and her husband fractured her arm and injured her spine. She is now rehabilitated, however, and is requesting this loan to buy more merchandise to stock her kiosk. Her dream is to be a businesswoman and run a transport business. She met her current partner at a village bank meeting.
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