Microfinancing (KIVA)

Microfinancing

Organization: KIVA (kiva.org)

Name: Virgen Del Rosario De San Sebastian Group

# of members: 13

Location: Peru

Link: http://www.kiva.org/lend/414046

Description:

This group from Peru has gathered together because of their economic difficulties. Together, they make a living so that they can support themselves a team. Their primary ways of making money is by holding small businesses such as crafts businesses, furniture sales and nutrition sales.

As of now, the leader of the group is Sabina Carlo Flores. She is a 27-year-old mother who has 3 children. She needs to support her children and herself so that they can have food and so that the kids can have education like others their age. So, Sabina has pulled together this group so that they can work together to earn for a living. Currently, a lot of the money earned by the group comes from Sabina’s business – she runs a pizzeria. However, the money they earn is barely enough to buy enough of what they need, like clothes and nutrition. Conditions are tight and the group is falling short on resources. Thus, Sabina needs the loan to buy more supplies to make cheese and pizza, which would maximize the group’s income, allowing them to get all the resources they need in amounts that enough to support everyone.

I would support Sabina because the loan she needs is not just for her or her business. The loan is also not to just support her children but to support a much larger group of adults who have their own children. Lending them the money they need will ensure that they can live properly and healthily while also promising that all their kids can go to school and have opportunities to lead a better future. Thus, I would support Sabina and her group as this is a desperate and combined effort to make people’s living conditions better.