Margarita is 51 and has 5 children who are her reason for living. Since her school years, she has enjoyed weaving different-coloured purses for her friends, and since they liked them she decided to sell them. At that time she maD. good earnings; however, in order to improve her products she bought catalogs which allowed her to make different designs. She now has a macrame purse store in her home. Flor has a store where she has sold groceries, drinks and candies in her home for 5 years. Her goal is to establish herself in a store and sell wholesale, thus obtaining better income for the maintenance of her family. Rosalind is a very hard-working woman who sells food. She also has a small store in her home where she sells different products. She would like to expand her business, in order to invest in other products. The members are responsible and punctual in their payments.
Margarita tiene 51 años y 5 hijos que son su razón D. vivir, desD. sus años escolares le gustaba tejer bolsos D. diferentes colores a sus compañeras les gustaba asi que pensó en venderlos. En ese tiempo obtuvo buenas ganancias. Pero, para mejorar sus tejidos se compro catálogos que le permitían hacer diferentes modelos. Ahora tiene una tienda D. bolsos a macramé en casa. Flor tiene una tienda D. abarrotes, bebidas y golosinas en su casa hace 5 años. El objetivo D. Flor es establecerse en un local y vender como mayorista y así obtener mayores ganancias, para L. manutención D. su familia.
Rosalinda es una mujer muy trabajadora venD. comidas al paso, además tiene una pequeña bodega en casa donD. venD. diferentes productos, a elL. le gustaría ampliar su negocio, para poder invertir en otros productos. Los socios son responsables y puntuales en sus pagos.
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.