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Musuq Wasi Group
In this Group: Justina , Dina Victoria, Elisa, Julia, Sabina, Flor Maria, Hilda , Maria, Felicitas, Lucia, Romulo Antonio, Victoria Luz, Basilia, Humberto , Maribel*, Yorina*, Teodosio, Felix
* not pictured
The Musuq Wasi (“New House” in Quechua) Village Bank is a group loan maD. up of 18 members who have just begun their 14th loan cycle. All the group members are from the Muyurina community, a small town located in a valley 30 minutes outsiD. of the city of Ayacucho. Most members of the community are farmers or raise small animals. Many grow a variety of vegetables, which they then sell in the Abastos Market in the city of Ayacucho.



The group members are requesting different loan amounts, like 300 (US$ 100), 450 (US$ 150), 600 (US$ 200) or 900 (US$ 300) soles. Musuq Wasi is requesting a total of 11,550 soles in loans. The loans will be used to buy seeds, fertilizer, medicines, sugar, rice, noodles, and to pay farmhands. Some of the group members’ dreams are for their businesses to prosper, to produce mO., for their children to graduate from college with professional degrees, and to own homes of their own.



Translated from Spanish by Cynthia McMurry, Kiva fellow



El Banco Comunal Musuq Wasi que en Quechua quiere decir Casa Nueva, es un Banco Comunal que inicia el ciclo 14 con 18 socias. Todas las socias son D. la comunidad D. Muyurina que es un pequeño valle ubicado a 30 minutos D. la ciudad D. Ayacucho, la actividad principal D. la zona es la agricultura y la crianza D. animales menores, producen verduras variadas, que luego venden en el mercado D. abasto D. la ciudad D. Ayacucho.
Las socias realizan diferentes negocios, en mayor parte son agricultoras D. verduras, venta D. combustibles, crianza D. animales, venta D. abarrotes. Sus ventas los realizan en algunas oportunidades en la misma comunidad y también en los mercados D. la ciudad D. Ayacucho.



Las socias necesitan diferentes montos D. préstamos, algunos montos son D. 300 soles, 450 soles, 600 soles y 900 soles, haciendo un total D. 11,550 soles D. préstamos en el Banco Comunal.



Los préstamos lo invertirán en la compra D. semillas, abono, remedios, azúcar, arroz, fideo y pago D. peones.
Los sueños D. las socias es que sus negocios sean prósperos, producir en mayor cantidad, sus hijos sean profesionales y tener casa propia.

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Musuq Wasi Group's $3,725 loan helped a member buy seeds, fertilizer, medicines, sugar, rice, noodles, and pay farmhands.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009