Mercedes lives with her partner, is 25 years old and has 2 children. She sells food outside her house where there is a clothes market, something which she started doing 4 months ago.
Whereas Sonia is married, 37 years old with 3 childre. Sonia has a restaurant and an Internet shop, both businesses in rented premises. Furthermore, Sonia is opening a bookshop on the main avenue in Ayacucho city.
Mercedes and Sonia need loans of 400 soles and 1600 soles, money which they will invest in buying cutlery, plates, chairs, felts, presents, and painting the bookshop.
Mercedes and Sonia have hopes to give their children the very best, for their businesses to continue to grow, to have their own premises and to have successful, professional children.
Translated from Spanish by Lucy Williams, Kiva volunteer
Mercedes y Sonia pertenecen al Banco Comunal Firmeza hace 4 meses y 12 años respectivamente. En su Banco Comunal aprendieron a ser responsables, puntuales y a ahorrar.
Mercedes es conviviente, tiene 25 años y 2 hijos, Mercedes vende comida en la puerta de su casa donde se realiza la feria de ropas, actividad que realiza hace 4 meses.
Mientras que Sonia es casada, tiene 37 años y 3 hijos, Sonia tiene un restaurante y una cabina de Internet, ambos negocios en locales alquilados. Además Sonia esta aperturando una librería surtida en una avenida principal de la ciudad de Ayacucho.
Mercedes y Sonia necesitan préstamos de 400 soles, 1600 soles, dinero que será invertido en la compra de cubiertos, platos, sillas, peluches, regalos y para pintar el local de la librería.
Los sueños de Mercedes y Sonia son brindarles todo lo mejor a sus hijos, sus negocios sigan creciendo, tener locales propios y que sus hijos sean profesionales.
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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