Paz Y Amor Group
The group's members have businesses which sell a variety of items, such as general merchandise, meat, vegetables, fruit, drinks, tara seeds (used to make tannic acid and starch), pill bugs (used to make ink), and bricks.
For example, Reyna is a 29-year-old mother of one daughter who lives with her common law husband. She has a shop in her home where she sells groceries. She also purchases tara seeds and pill bugs to later sell to intermediaries.
On the other hand, Demetria is married, 33 years old, and has three children. Together with her husband, Demetria makes artisanal bricks and fires them in rented ovens.
While Paulina is 39-years-old, has five children, and lives with her common law husband. Paulina sells beer and soft drinks from her home. On Sundays, she also sells food at the local sports stadium.
The group's members need differing loan amounts (300, 450, or 600 Peruvian nuevos soles), for a grand total of 12,950 nuevos soles to be loaned to the community bank.
The loans will be invested in the purchase of rice, sugar, meat, fruit, and drinks and to pay workers' salaries.
The bank's members dream of expanding and stocking their businesses, buying computers for their children, having other businesses, and providing their children with good educations.
Las socias realizan diferentes negocios como la venta D. abarrotes en general, carne, verduras, frutas, bebidas, tara, cochinilla y la fabricación D. ladrillos.
Como es el caso D. Reyna que es conviviente, tiene 29 años y 1 hija, Reyna tiene una tienda en su casa en donD. venD. abarrotes en general, además compra tara, cochinilla que luego venD. a los intermediarios.
Por otro lado Demetria es casada, tiene 33 años y 3 hijos, Demetria junto a su esposo se dedican a la elaboración D. ladrillos artesanales, el quemado D. los ladrillos lo realizan en hornos alquilados.
Mientras que Paulina es conviviente, tiene 39 años y 5 hijos, Paulina venD. cerveza, gaseosa, actividad que realiza en su casa, además los días domingos venD. comida en el estadio D. su comunidad.
Las socias necesitan diferentes montos D. prestamos como 300 soles, 450 soles, 600soles, haciendo un total D. 12,950 soles D. prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra D. arroz, azucar, carne, frutas, bebidas y el pago D. peones.
Los sueños D. las socias son ampliar, surtir sus negocios, comprar una computadora para sus hijos, tener otro negocio mas y brindar una buena educación a sus hijos.
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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