The Nazareno Village Bank is currently beginning its fourth loan cycle with 21 members. The group members are involved in a variety of different business. They sell natural remedies, cosmetics, school and office supplies, clothing, food, general dry goods (rice, sugar, etc.), fruits, small animals, and textiles. Diana is 20-year-old single woman who lives with her parents. Diana studies computer science and occasionally works at a local institution. Diana has a stand in the F. Vivanco Market, where she sells fruit with the help of her sister. Diana needs a loan of 300 soles to buy more fruit for her stand. Ana is 28 years old and lives with her partner and their son. Ana travels to different regional markets, where she sells dry goods (like rice and sugar) and buys cheese and alpaca wool. Ana needs a loan of 600 soles to buy rice and sugar. Celia is 26 years old, single, and lives alone. She studies accounting and also works at a local institution. Celia sells clothing and shoes on credit by special order. Celia needs a loan of 600 soles to buy suits and shoes. Members of the Nazareno Group are requesting different loan amounts, like 300, 600, 900 or 1,000 Peruvian soles. The group is requesting a total of 12,150 soles, which they will use to buy rice, sugar, shoes, t-shirts, suits, fruit, cheese, animals, lotions, perfumes, and wool. The group members' dreams are to improve their businesses, own their own homes, proviD. their children with the best, and have their own investment capital.
Translated from Spanish by Cynthia McMurry, Kiva Fellow
El Banco Nazareno inicia su cuarto ciclo con 21 socias.
Las socias realizan diferentes negocios como la venta D. medicina natural, cosméticos, artículos D. librería, comida, ropa, abarrotes en general, frutas, animales menores y elaboración D. textiles.
Como es el caso D. Diana que es soltera, tiene 20 años y vive con sus padres, Diana estudia computación y trabaja eventualmente en una institución. Diana tiene un puesto en el mercado F. Vivanco en donD. venD. frutas con la ayuda D. su hermana. Diana necesita un préstamo D. 300 soles dinero que será invertido en la compra D. frutas.
Por otro lado Ana es conviviente, tiene 28 años y tiene 1 hijo, Ana viaja a las diferentes ferias D. la región en donD. venD. abarrotes y D. las ferias compra quesos y fibra D. alpaca. Ana necesita un préstamo D. 600 soles dinero que será invertido en la compra D. azúcar y arroz.
Mientras que Celia es soltera, tiene 26 años y vive sola, estudia contabilidad y también trabaja en una institución, Celia venD. ropa, zapatos a pedidos sus ventas son al crédito. Celia necesita un préstamo D. 600 soles dinero que será invertido en la compra D. ternos y zapatos.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 600 soles, 900 soles, 1000 soles haciendo un total D. 12,150 soles D. prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra D. arroz, azúcar, zapatos, polos, ternos, frutas, quesos, animales, cremas, colonias y lana.
Los sueños D. las socias son mejorar sus negocios, tener casa propia, brindarle lo mejor a sus hijos, tener capital propio.
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.