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Thursday, April 23, 2009

Our KIVA Loan Repaid!

How wonderful it is to say that our KIVA loan has been repaid in full by Victor, a weaver in Ayacucho, Peru

Victor is a member of the Confianza (Trust) Village Bank. He is 30 years old and lives with his girlfriend and their daughter. Victor and his brothers own a workshop where they make weavings on a loom. They then sell their weavings in a local market. Victor has been working as an artisan for 14 years. Victor requested a loan of 1000 soles to buy wool and dyes for his weavings, as well as to buy new heddles for his looms, since they need to be replaced periodically and his have gotten worn out. Victor's goal for the future is to export his work to sell. He may be able to do this through FINCA Peru Exports, a branch of FINCA that works with artisans to sell their work internationally.

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