La Solucion Group
Elva's family has a business raising guinea pigs. She has learned about the business from her parents, and has been working in the business for one year. Elva does not raise guinea pigs herself, but buys them in Matahuasi and sells them in other places at a profit. With this loan, she would like to invest in the purchase of many guinea pigs and sell them at various locations. She can get a better price for a large-scale purchase, and this loan will enable her to do so. (In the photo, Elva is the one wearing light blue trousers and a dark poloneck sweater: she is seated second from the right).
L. familia D. Elva tiene como negocio L. criaza D. cuyes. ElL. ha aprendido D. sus padres sobre este negocio, y lleva 01 año realizandolo. Elva no cria cuyes, sino los compran en Matahuasi y los venD. en otros lugares por un precio màs alto. Con este prèstamo, le gustarìa invertir el L. compra D. muchos cuyes y vender en otros sitios. Se pueD. conseguir un precio mejor con una compra màs granD., y èste prèstamo le permitirà hacer esto.
(En L. foto, Elva lleva un pantalon azul claro y un polo color morado; esta sentada, y es L. segunda D. L. derecha)
About EDAPROSPOEDAPROSPO 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.
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