The “La Buena Amistad" (Good Friendship) group is maD. up of 10 women. One of the members is Olga. She is 45 years old and has three children. Olga lives in Los Olivos and her business is called 'Servicios D. Confecciones Rave' (Rave Dressmaking Services). She has been working in her workshop for more than five years. Olga provides services to different sewing businesses who bring her different garments to make. She started out with only one sewing machine but has gradually increased her capital and her biggest investments to date are the 10 machines that she now owns. She has also been able to build a house and proviD. her children with a good education. Olga would like to have her own line of children's clothes and export her products. She will use her loan to buy another sewing machine so that she can supply the services that her customers are requesting.
*In the photo, Olga is the third person along amongst the members who are standing. She is wearing a purple and white blouse.
El grupo “LA BUENA AMISTAD” esta formado por 10 socias una D. las integrantes es Olga tiene 45 años y 03 hijos, ella vive en los Olivos, el negocio que tiene lleva por nombre SERVICIOS D. CONFECCIONES RAVE, viene trabajando en su taller mas D. 5 años ella presta servicios a diferentes negocios D. costura que le traen diferentes confecciones empezó solo con una maquina poco a poco ha aumentado su capital y su mayor inversión en la actualidad son las 10 maquinas que tiene, también ha podido construir su casa y darle a sus hijos una buena educación, Olga quiere tener su propia línea D. ropa juvenil y también exportar al exterior, su préstamo lo usara para la compra D. otra maquina para poder abastecer los servicios que le piden sus clientes.
* Olga es la tercera D. las paradas viste blusa morada con blanco.
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.