Jina I. is 53 years old, is a single mother and has 7 adult children whom she has taken care of and educated through her own hard work and dedication. She lives in Puente Piedra and belongs to the group “Nuevo Amanecer” (“New Dawn”). Ever since Jina arrived in Lima over 30 years ago from Iquitos, her homeland, Jina began selling seasonings that she bought and packaged, and sold to different markets in the district. Little by little, Jina’s sales increased and she invested more in her business and was able to sell her merchandize to markets more distant from her area. With the sales, she was able to fix her home which she obtained with a lot of hard work to give greater comfort to her children. At present, Jina is happy to be a part of this group since she is able to have work capital to be able to keep expanding her business and save enough to be able to have her own stall where she can work with more space and comfort for her job. The loan will be used to buy merchandize for her business.
Jina I. tiene 53 años, es madre soltera y tiene 7 hijos mayores de edad a quienes ha criado y educado bajo su propio esfuerzo y dedicación, vive en Puente Piedra y pertenece al grupo “Nuevo Amanecer”. Desde que llego a Lima, hace mas de 30 años de su tierra Iquitos, inicio su negocio ofreciendo condimentos, que ella misma compraba y empaquetaba, a diferentes mercados de su distrito. Poco a poco sus ventas se fueron incrementando y fue invirtiendo más logrando colocar su mercadería a mercados más lejanos a su distrito. Con estas ventas pudo arreglar su casa que lo adquirió con mucho esfuerzo y dar mayor comodidad a sus hijos. Actualmente se siente feliz de ser parte de este grupo ya que, ello le permite contar con un capital de trabajo para poder incrementar su negocio y lograr ahorrar para poder adquirir un puesto propio donde pueda implementar con mejores espacios y comodidad para su trabajo. El reciente préstamo será invertido en la compra de mercadería para su negocio.
EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
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.