Tag: Peru

Nueva Generacion Iii Group from Peru has fully repaid a Kiva loan

Location: Cusco, Peru   Repayment Term: 6 months (more info)

Activity: Weaving   Repayment Schedule: Monthly

Loan Use: Purchase wool, thread, elastic, buttons, and other items

The Communal Bank “Nueva Generacion III” (New Generation III) is currently in its thirteenth loan cycle and consists of twelve hardworking and enterprising individuals who view each moment as an opportunity to get ahead. Through their daily efforts, they are able to provide a better future for their children. The members of the Communal Bank live in the Province and Department of Cusco. Cusco is a city known for its archaeological sites, its Historical Center, its landscapes, and its history for being one of the most enchanting cities in the southern part of the country.

The business activities of the members include selling dry goods, snacks, groceries, food, or providing transportation services. The members indicate that the Communal Bank has participated in numerous loan cycles and that they are happy and satisfied with the loan services, savings, and training classes. One ongoing aspect of the Communal Bank that is of value is the group savings account that opens the possibility for building up assets, which is what this service provides.

Rosa is a member of the New Generation Communal Bank. She and the other members meet every 30 days at the central office of Asociación Arariwa. Rosa is 29 years old, in a common law marriage, and has three children (Liz, Sheyla, and Santos Ollantay). She wakes up very early to attend to her family, such as preparing breakfast for her children and getting them ready for school. After taking care of her household activities, she engages in her business of making woolen clothing by hand. For example, she weaves sweaters for newborn infants. Rosa has been in this business for 15 years and has done very well thanks to the effort she puts into her work. She inherited this business from her parents. Rosa needs a loan to buy balls of wool, thread, elastic, buttons, and other items.

The members, in general, are grateful for this opportunity and commit to making their payments on time.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

El banco comunal “NUEVA GENERACION III”, actualmente se encuentra en el XIII ciclo y esta conformado por 12 personas trabajadoras y emprendedoras que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, es un banco comunal conformado por socios que viven en la distrito del Cusco la provincia del Cusco. Cusco es una cuidad que se caracteriza por su centros arqueológicos, centro histórico, sus paisajes, su historia siendo una ciudad encantadora de la Región Sur del país.

Las actividades económicas de los socios a las que se dedican son el comercio como por ejemplo, venta productos secos, venta de alimentos, venta de comestibles y venta de comida y otros brindan servicio de transportes. El banco comunal tiene varios ciclos de funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios de crédito, ahorro y capacitación, por el tiempo de permanencia en el banco comunal un aspecto de valoración es el ahorro por la posibilidad de capitalización que les brinda este servicio.

La socia Rosa forma parte del banco comunal la “Nueva Generación” y las reuniones de los socios son cada treinta días en la oficina central de la Asociación Arariwa. Rosa tiene 29 años de edad, es conviviente y tiene tres hijos (Liz, Sheyla y Santos Ollantay), ella se levanta muy temprano para atender a su familia como por ejemplo prepara desayuno para sus hijos y los envía al colegio, después hacer sus actividades del hogar su actividad comercial es la confección de ropa de lana de forma manual como por ejemplo, ella confecciona chompas para bebes recién nacidos. Ya son 15 años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone en su trabajo, ella heredó el trabajo de sus padres. Rosa requiere el préstamo para comprar ovillos de lana, hilos, elásticos, botones y muchas cosas más.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

(click to continue reading Kiva – Nueva Generacion Iii Group from Peru has fully repaid a Kiva loan.)

Country: Peru Avg Annual Income: $6,715 Currency: Peru Nuevos Soles (PEN) Exchange Rate: 2.8471 PEN = 1 USD

– Sabina from Peru has fully repaid a Kiva loan

Location: Juliaca, Peru Repayment Term: 8 months (more info) Activity: Catering   Repayment Schedule: Monthly Loan Use: Purchase new cookware   Sabina is a very responsible mother. She is 64 years old and knows how to move her family forward. She lives in her own home with her two children, Jenry (age 45) and Sandra (age 41). What she wants most is to have a peaceful retirement. Sabina makes her living preparing food for large events, such as weddings, birthdays, baptisms, and traditional religious holidays. She works with a business partner who she trusts completely and is responsible for obtaining contracts to provide food. Sabina prefers to focus only on cooking and not participate in any other part of the business. She cooks very well and receives many orders. Her services are in high demand for parties throughout the city.

Sabina has been in business for 25 years and the most difficult part of her job is completing the orders she receives despite a lack of supplies. She manages to carry them out because she knows that her reputation and business are at stake. In the future, she hopes to open a large restaurant where she can sell her delicious dishes herself.

This is Sabina’s second loan with MFP. She is very happy to have the opportunity to receive a loan, and she hopes to make her payments on time. Sabina is one of the most active and responsible participants in her Communal Bank. With the loan of 1000 soles she requested, she will buy new cookware because the equipment she currently uses has deteriorated over time.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

Sabina es una madre muy responsable, a sus 64 años ha sabido sacar a su familia adelante. Vive en su casa propia junto a sus dos hijos: Jenry de 45 y Sandra de 41 años y lo que más desea es tener una vejez tranquila. La labor que realiza es la preparación de comida para eventos grandes, como matrimonios, cumpleaños, bautizos o fiestas religiosas tradicionales. Ella trabaja junto a un socio de su entera confianza, el cual consigue los contratos para la comida, pues Sabina prefiere sólo cocinar y no participar mucho en los negocios. Por ello es que lo que más le gusta de su trabajo es cocinar y lo hace muy bien, es por eso que tiene muchos pedidos y es muy solicitada en las fiestas de su ciudad. Lleva 25 años en esta actividad y considera que lo más difícil es tener que cumplir con los pedidos que le realizan, ya que suelen ser muchos y no se da abasto para realizarlos, pero igual sabe que tiene que hacerlo, porque se juega la reputación de su negocio. Para el futuro anhela abrir un restaurante muy grande, donde pueda vender sus deliciosos platillos ella misma. Este es el segundo préstamo de Sabina con MFP, ella se siente muy feliz de la oportunidad de crédito, por lo que espera poder pagarlo a tiempo. En su banco comunal es una de las socias más participativas y responsables. Con los mil nuevos soles solicitados comprará nuevas ollas para renovar las q

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– Flor De Maria from Peru has fully repaid a Kiva loan

Location: Ayacucho, Peru

Repayment Term: 8 months (more info)

Activity: Retail   Repayment Schedule: Monthly

Loan Use: To buy wine and pecans

Currency Exchange Loss: Covered       Default Protection: Covered

Flor de Maria is a member of the community bank “Luz Divina”. She is 50 years old, divorce and has 4 children; Flor was born in the city of Ica and works as a nurse at the City Hospital. Flor de Maria sells pecans and wine to employees of various institutions. She is asking for a loan of $675 that will be invested in the purchase of wines and pecans. Flor dreams are to expand her business, to have a pecan’s crop and export them.

Translated from Spanish by Adriana Pierce, Kiva Volunteer

Flor de Maria es socia del Banco Comunal Luz Divina. Flor de Maria es separada, tiene 50 años y 4 hijos, natural de la ciudad de Ica, de profesión enfermera y trabaja en el hospital de la ciudad, Flor de Maria vende vinos y pecanas que adquiere en la ciudad de Ica, sus ventas los realiza a los trabajadores de diferentes instituciones. Flor de Maria necesita un préstamo de 2000 soles dinero que será invertido en la compra de vinos y pecanas. Los sueños de Flor de Maria son ampliar su negocio, tener su pecanal y vender al extranjero.

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Country:	Peru
Avg Annual Income:	$6,715
Currency:	Peru Nuevos Soles (PEN)
Exchange Rate:

Niria Nereyda Briceño Medina from Peru has fully repaid a Kiva loan

Location: Trujillo – La Libertad, Peru

Repayment Term: 8 months (more info)

Activity: Electrical Goods

Repayment Schedule: Monthly

Loan Use: To buy antennas and illustrated encyclopedias with CD to stock her business

Currency Exchange Loss: Covered

Mrs. Niria Nereyda Medina is 42 years old, lives in the district of La Esperanza, in the province of Trujillo, in La Libertad, Peru. She has completed secondary school. She has 3 children, who depend economically on her. Niria sells antennas, cut from glass. She develops her business on the corners of the city of Trujillo. With her first loan of 200 soles that she received from the New Hope II Community Bank, she invested in the purchase of products, like cut glass. With this loan of 1700 soles, she will invest in the purchase of antennas and illustrated encyclopedias with a CD to stock her business. Niria dreams of stocking her hardware store so that it grows as a micro-enterprise.

Translated from Spanish by Avni Shah, Kiva Volunteer

La señora Niria Nereyda Briceño Medina tiene 42 años, vive en el Distrito de La Esperanza, provincia de Trujillo, departamento de La Libertad, Perú. Ella estudió Secundaria Completa, tiene 3 hijos que depende económicamente de ella. Niria se dedica a la venta de antenas, cortadores de vidrios, su negocio lo desarrolla en las esquinas de la ciudad de Trujillo. Con su primer crédito de 200 soles que recibió de su Banco comunal Nueva Esperanza II, lo invirtió en la compra de productos como cortadores de vidrios. El crédito de 1700 soles, lo invertirá en la compra de antenas, enciclopedias ilustradas y con CD para implementar su negocio. Niria tiene como sueño implementar su ferretería para crecer como microempresaria

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