María currently serves as President of the Amistad Communal Bank and has done so on three previous occasions. It should be mentioned that the Amistad Communal Bank is an example to other groups of how to practice all the values promoted by FINCA Peru. Her goal as President is to obtain larger loans so that all the members can increase their businesses.
The loan she is requesting for herself will be used to buy supplies for her restaurant such as vegetables, rice, oil, sugar, meat, and other products. In the photograph, María is the woman raising her hand.
El sueño de María es tener un local propio y hacer crecer su negocio.
María es Presidenta del bancomunal Amistad y ya lo ha sido en tres oportunidades. Menciona que el Bancomunal “Amistad” es un ejemplo a seguir para los demás Bancomunales ya que practican todos los valores que les inculcan en Finca Perú. La meta como presidente es poder obtener préstamos más altos, para que las demás socias hagan crecer sus negocios.
El préstamo que esta solicitando es para la compra de insumos para el restaurante (verduras, arroz, aceite, azúcar, carne, etc.. María es la socia que levanta la mano en la fotografía.
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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