"SEÑOR DEL CALVARIO DE HUARIQUIÑA" is one of the new groups formed by seven members who make a living in agriculture and retail commerce. Jannina is 34 years old and in a relationship, and she has two children who are studying. She started her small grocery store many years ago in her home. Before that she was dedicated to domestic duties.
She will invest the loan in expanding her business with the sale of beer and soft drinks. One of Jannina's goals is to sell food to earn extra income. In her group, she holds the position of treasurer. The group is grateful to the Kiva investors for the loan provided. Jannina is the woman seated in the middle; she is wearing a black jacket.
“SEÑOR DEL CALVARIO DE HUARIQUIÑA” es uno de los nuevos grupos conformada por 07 socios quienes se dedican a la agricultura y al comercio minorista. Jannina tiene 34 años es conviviente con 02 hijos educando. Ella implemento so bodega hace varios años en su vivienda. Años atrás se dedicaba a su hogar. El crédito lo invertira en ampliar su negocio con la venta de cerveza y gaseosas. Una de las metas de Jannina es vender comida para obtener in ingreso extra. Ella en el grupo cumple la función de tesorera. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Jannina es la se encuentra sentada en medio viste casaquilla negra.
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.