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Mi Banquito Group
In this Group: Ciceli Esmeli, Rosa, Nicolas*, Lita Noemi, Ketti Milagritos, Faustina Clelia, Benita Filomena, Janet Juliana, Jaqueline Jeannine, Nilda Ly
* not pictured
Faustina is 49 years old, married, and has three young children still in school. She has worked for several years in her own store based out of her home to support her husband, who works in agriculture, growing avocados, chirimoyas (custard apple), apples and "tunas" (prickly pear).

Faustina decided to start a new business, raising guinea pigs and distributing them to rural restaurants. Being a member of the group "Mi Banquito" has allowed her to improve her economic standing and provide a better quality of life for her family.

Faustina's greatest wish is to see her children find good jobs. She will use the loan to raise guinea pigs for sale. The group thanks Kiva lenders for the loan provided. Faustina is standing on the left side. Nicolas was unable to be present for the group photo because he was working.
View original language description ↓
Faustina tiene 49 años es casada con 3 hijos menores aun educando. Hace varios años viene laborando en su bodega que implemento en su vivienda y a la apoya a su esposo el cual se dedicada a la agricultura en la producción de palta, chirimoya, manzana y tuna. Faustina decidió emprender un nuevo negocio que consiste en la crianza de cuyes para luego distribuirlos a los restaurants campestres. Ser socia del grupo “MI BANQUITO” le ha permitido mejoras su posición económica y darle una mejor calidad de vida a su familia. Su mayor deseo es darles una buena profesión a sus hijos. El préstamo lo invertirá en la compra de cuyes y engordarlos. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Faustina es la que se encuentra parada en lado izquierdo y de la misma manera el Sr. Nicolás no pudo estar presente en la foto grupal por encontrarse laborando.

Additional Information

About EDAPROSPO

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.

About Peru

  • $6,715
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Banquito Group's $6,175 loan helped a member to raise guinea pigs and then distribute them to rural restaurants.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 26, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013