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Santa Elena Group
In this Group: Janneth , Erika Margoth , Biviana Elena , Yeni , Clemente , Isabel , Anali Rocio , Betza , Melva , Antonia , Socorro , Zosimo , Alfredo , Maximiliana, Mercedes , Felix , Marcelina
The Santa Elena Village Bank is a newly formed bank that is starting out with 17 members, all of whom were invited by the loan officer. Most of the group members live in or near the Santa Elena neighborhood. The group members are involved in a variety of different activities. Some sell ornamental plants, fruits, small animals, dry goods (like rice and sugar), replacement parts, and vegetables; others work in transportation or bake bread. Some sell from home or on the street, while others sell in the marketplace or from door to door. The group members are requesting different loan amounts, like 300 or 450 soles. The group is requesting a total of 7,500 Peruvian soles. They will use the loans to buy meat, fruit, flour, sugar, rice, vegetables, plants and replacement parts. The group members dream that their children will grow up to be working professionals, of improving and expanding their businesses, and of having their own investment capital.
Translated from Spanish by Cynthia McMurry, Kiva Fellow
El Banco Comunal Santa Elena es un Banco Nuevo que recién inicia con 17 socias, todas ellas fueron invitadas por la promotora, la mayoría de ellas son del barrio de Santa Elena y sitios cercanos.
Las socias realizan diferentes negocios como la venta plantas hornamentales, frutas, animales menores, abarrotes en general, repuestos, verduras, brindan servicios de transporte, elaboran panes. Sus ventas los realizan en sus domicilios, ambulantemente, de casa en casa y en mercados.
Las socias necesitan diferentes montos de préstamos, algunos montos son de 300 soles y 450 soles, haciendo un total de 7,500 soles de préstamos en el Banco Comunal.
Los préstamos lo invertirán en la compra carne, frutas, harina, azúcar, arroz, verduras, plantas y repuestos.
Los sueños de las socias son que sus hijos sean profesionales, mejorar sus negocios, ampliar sus negocios y tener capital propio.

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

  • $12,000
    Average annual income
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,953,975
    Funds lent in using Kiva
  • 3.2
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Elena Group's $2,400 loan helped a member buy meat, fruit, flour, sugar, rice, vegetables, plants and replacement parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2009
Listed
Jan 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009