Rosalina Elizabeth's Group
Rosalina lives with her husband and has 4 children. 3 are over 18 and are working and the youngest is 12 and is still in school. Rosalina made lots of activities that gave her the opportunity to pull through. She sells sugar cane, juices and braised sausages. She also has a mototaxi.
José lives with his wife and has a 1-year-old son. He is a mobile peanut and bean man.
Rosalina and José are soliciting a 1600 soles loan so that they can invest in their microenterprises.
Rosalina wants to own her own store and José wants to grow his business.
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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Success!! The loan was 100% repaid