PeruEducationFunding via Instituto Peruano de Fomento Educativo
PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
Dominican RepublicClothingFunding via Esperanza International Dominican Republic, a partner of HOPE International
Nora, the president, is a married mother of five children and has had her business selling cheese for ten years. She makes her sales in the city of La Paz and the city of El Alto. She buys the cheese from the province of Ingavi and the town Viacha. She chose this business because she has seen that she can recover capital easily and her profits are considerable. Currently her children help with her cheese sales.
En el caso de la presidenta, señora Nora esta casada es madre de cinco hijos, tiene el negocio de venta de Queso desde hace diez años, realiza sus ventas en la Ciudad de La Paz y en la Ciudad de El Alto. Ella compra el queso de la provincia Ingavi y de la localidad de Viacha. Ha elegido este negocio por que ha evidenciado que se recupera el capital con facilidad y la ganancia es considerable. Actualmente sus hijos le ayudan en la venta de los quesos.
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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