Funded

Total loan: $2,150
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Nueva Ilusion Group

Peru
Ayacucho, Peru / Crafts

A loan of $2,150 helped a member to purchase supplies such as wool.


Nueva Ilusion Group's story

The communal bank "Nueva Ilusion" (New Illusion) at FINCA Peru has eleven members and is in their seventh loan cycle. Group members have businesses selling vegetables, alfalfa, fruits (like tuna, a local fruit), juices, and food and soup preparation. They are requesting a loan total of 5,950 Peruvian nuevos soles (PEN) .

Rosa is the president of the communal bank and has an artisan business. She is 50 years old, and has three children who are all grown. One is working and the younger two are completing their university studies. Rosa makes different types of artisanal goods such as traditional local dolls from Ayacucho, and bags and blankets maD. of handwoven wool.

She will be using her loan of 300 PEN to purchase supplies for her business, such as wool. She sells the products in the local fairs of Huancayo, a neighboring province. She also receives special orders for her products. She has been a member on and off of FINCA Peru since 2000.

In this group: Rosa, Paulina, Ernestina, Edelmira, Olga, Lidia, Arturo, Eudosia, Fausta, Alejandro, Roberto
*not pictured



Loan details

Loan length:

8 months
Disbursed date: March 21, 2011

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: March 21, 2011