Alejandrina is forty-two years old and has four children -- three boys and one girl -- ranging from six to twenty three years old. She was a member of FINCA in 1993, left for two years, and rejoined in 1995. She has been receiving support from FINCA ever since. Alejandrina has a business selling all kinds of vegetables from a stand in the local market. She used to sell vegetables in her village in the country before moving to the capital city of Ayacucho, Huamanga.
Jesusita is 33 years old and has 2 children, a boy of 8 and a girl of 16. Jesusita has been a part of FINCA for 18 years. Jesusita has a little store where she sells food staples, such as pasta, grains, soft drinks and candy.
Angelica is 26 years old and has a new, 10-month-old baby girl. She recently joined FINCA in December of 2007. Before moving to Ayacucho, she was living in Lima and studying to become a nurse, but moved to Ayacucho with her new husband to raise a family here. Now she serves lunch from her house as her business.
Alejandrina, Jesusita and Angelica need loans of 750, 900, and 600 soles (3 soles = 1 dollar) to buy more vegetables, rice, potatoes, pasta, lemons and other foods to expand their businesses.
Alejandrina, Jesusita and Angelica all have dreams of someday improving their houses. They dream that their children will become professionals. Angelica also plans to complete her nursing degree.
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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Success!! The loan was 100% repaid