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Ternura Group
In this Group: Glisse Elena, Carmen, Basilisa, Donatilda, Julia, Bethzabe Tania, Maximiliana, Julissa, Nilo Hugo, Sabina Zoraida, Manuela Vilda, Epifania, Miluska Lulia, Zoya Leishin, Haydee Vicky, Katiuska Rocio, Sandra, Aurelia, Victoria, Luisa
The community bank “Ternura” is new, and associates are starting their first loan cycle. The bank currently has 20 associates, and they joined the bank in order to have access to capital. At the community bank there are fewer requirements, fewer papers, and you can get your loan faster. In addition the community bank provides support and training on relevant subjects.

Associates of “Ternura” have a variety of different businesses. Some own restaurants, some sell vegetables, ice cream, or hamburgers. They all said that they are excited to be part of the community bank and happy with how the process has gone so far.

One client in particular is excited, Julia T. P., as she was elected the president of the community bank for the first loan cycle. Julia owns a restaurant. She has owned the restaurant for several years but now she will be able to expand. With her first loan she plans to buy more tables and chairs to serve more clients.

All of the associates will use their loans to invest in their businesses. They will buy things such as plates, silverware, meat, carrots, tomatoes and fish. Because each business is different people need different loan amounts. Loans range from 300 to 900 soles per person (3 soles = $1), reaching a total of 11,850 soles.

Their dreams are to buy land and own a home, as many currently rent their homes which is more expensive. In addition, they hope to continue developing their businesses and help their children become professionals.

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
  • 72
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ternura Group's $4,100 loan helped a member to invest in their businesses, such as buying plates, silverware, meat, carrots, tomatoes and fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 20, 2008
Mar 3, 2008
Currency Exchange Loss:
Sep 30, 2008