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Mollecito De Covadonga Group
In this Group: Normita , Robertina , Carmela , Jesus Alberto , Zinde , Jose Luis, Yuly , Isidora , Fredy , Teofilo , Zenayda
The communal bank, "Mollecito de Covadonga," is a new bank that is starting it's first loan with eleven members. The members have different businesses like selling clothing, groceries, fruit, food, small animals, and offering transportation services. The members need loans in different amounts like 300 and 450 PEN, which all total to 4,200 PEN for the communal bank. Their loans will be invested in the purchase of rice, sugar, oil, clothing, and young animals. The members' dreams are to improve their businesses and themselves and to see their children become professionals.
View original language description ↓
El Banco Comunal Mollecito De Covadonga es un banco nuevo que inicia su primer ciclo con 11socias.

Las socias realizan diferentes negocios como la venta de ropa, abarrotes, frutas, comida, animales menores, brindan servicios de trasporte.

Las socias necesitan diferentes montos de prestamos como 300 soles, 450 soles, haciendo un total de 4,200 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la compra de arroz, azúcar, aceite, ropa, animales menores.

Los sueños de las socias son mejorar su negocio, superarse como persona y que sus hijos sean profesionales.

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
  • 82
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mollecito De Covadonga Group's $1,400 loan helped a member to purchase rice, sugar, oil, clothing, and small animals.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 26, 2009
Jul 11, 2009
Currency Exchange Loss:
Nov 15, 2009