The group "Jesus Pan de Vida" [Jesus, Bread of Life] is made of up of responsible members who are determined to improve their quality of life.
Nicolaza is forty-six years old and lives with a son, who is her dependent. Years ago, she worked in a restaurant called Santa Mónica de Nicolás de Piérola. Currently, she making a living selling medicinal herbs, fruits, and flowers in a market (called 8 de Febrero de Nicolás de Piérola). She has been doing this for five years. Two months ago, she started a small store in her home where her daughter helps her.
She will invest the loan in the purchase of fruits, flowers, and medicinal herbs. Her greatest wish is to grow this store that she has in her home.
The group is thankful to the Kiva investors for the loan that has been offered to them. Nicolaza is pictured second from the right, in the blue shirt. A small photo of another member, Katherine, is in the upper-right-hand corner, since she could not be present at the meeting.
El grupo “JESUS PAN DE VIDA” está conformada por socios responsables y empeñosas en mejorar su calidad de vida. Nicolaza tiene 46 años es conviviente con un hijo dependiente. Años atrás trabajo en el comedor Santa Mónica de Nicolás de Piérola. En la actualidad se dedica a la venta de hierbas medicinales, frutas, flores en el mercado 8 de Febrero de Nicolás de Piérola hace 5 años que viene realizando dicha actividad. Hace 2 meses implemento una pequeña bodega en su vivienda en el cual le ayuda su hija. El préstamo lo invertirá en la compra de frutas, flores, y hierbas medicinales. Su mayor deseo es ampliar la bodega que implemento en su vivienda. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Nicolaza es la segunda del lado derecho viste polo azul. De la misma manera está incluida la foto de Katherine en la parte superior derecha que no puedo estar presente en la reunión.
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.