Jovita is a member of the "Señor de la Esperanza de Huaripache" group. She lives with her partner and has three young children.
Jovita has been working in livestock as well as selling milk and cheese for several years. She currently has a new project, which is making natural yogurt. She will invest this loan in the purchase of ingredients (milk powder, sugar, and containers) to make natural yogurt. Once she has made the yogurt, she will offer it to her clients and to stores. Her greatest wish is to have a stall for her business.
This group is grateful to the Kiva lenders for their loan. Jovita is the second person from the right. Yajaira's photo is inserted in the top right. She was late to the meeting for work-related reasons.
Jovita integra el grupo “SEÑOR DE LA ESPERNZA DE HUARIPACHE” es conviviente con 3 hijos aun menores. Jovita se dedica a la ganadería y a la venta de leche y queso hace varios años. En la actualidad tiene un nuevo proyecto que consiste en la elaboración de Yogurt Natural. El préstamo lo invertirá lo en la compra de insumos: leche en polvo, azúcar y envases para elaborar yogurt natural. Una vez elaborado su yogurt natural los ofrecerá a sus clientes y a las bodegas comerciales. Su mayor deseo es tener un puesto comercial. El grupo agradece a los inversionistas KIVA por el préstamo. Jovita es la segunda persona del lado derecho. De la misma manera está incluida Yajaira en la parte superior derecho llego tarde a la reunión por motivos laborales.
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.