The members are in a variety of commercial activities like: sale of tubers, cosmetics sales, sweets sales, clothing sales, gas, jewelry and grocery sales; replacement parts, juices, cereals and small farm animals.
Such is Nora’s case. She is 40 years old, married and has three children. She sells home-made orange juice throughout the city’s wholesale food market; she also sells chicha (an alcoholic drink made from fermented maize) and snacks every day.
She will use her loan to repair her cart and expand so that she can sell more products. Her dream is to have her own home, educate her children, improve her business and have a stable location for her business.
The members all need varying loan amounts like: 300 soles, 450 soles, 600 soles for a total group loan of 10200 soles to the communal bank.
Las socias realizan diferentes negocios como es la venta de tubérculos, cosméticos, golosinas, artesanía, ropa, gas, joyas, abarrotes en general, repuestos, jugos, cereales y animales menores.
Como es el caso de la Señora Nora que es casada, tiene 40 años y 3 hijos, Nora se dedica a la venta de jugo de naranja que prepara ella misma, sus ventas los realiza de manera ambulatoria en el mercado de abastos de la ciudad, además vende chicha y golosinas, actividad que realiza todos los días. Nora invertirá su préstamo para el arreglo de su carreta y ampliar para vender mas productos. Los sueños de Nora son tener casa propia, educar a sus hijos, mejorar su negocio y tener un lugar estable para su negocio.
Las socias necesitan diferentes montos de prestamos como 300 soles, 450 soles, 600 soles, haciendo un total de 10,200 soles de prestamos en el Banco Comunal.
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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