These people are dedicated to getting ahead. They are the members of the group called “Siempre Unidos” [Always United]. It is made up of 9 people who, with their families, find the way to bring income home from their businesses. That is the case of Esperanza, who is 59 and in a common law marriage with 5 children who are all grown. She has been on the group for 7 years and for 25 years Esperanza has sold fish and seafood in a large market. Thanks to this business, she has been able to give an education to all of her children and build a house. She has done this with her best efforts to get ahead day to day for her and her family. In the future, she would like to export Peruvian artisanal crafts. With the recent loan she will invest in buying materials for her business.
Personas empeñosas por salir a delante, de esta manera se denominan los integrantes del grupo “Siempre unidos”, grupo conformado por 9 socias que entre el hogar y sus familias ven la forma de llevar ingresos económicos a sus hogares por medio de sus negocios. Tal así es el caso de la señora Esperanza de 59 años de edad conviviente y con 5 hijos todos ya mayores de edad, que está en el grupo 7 años y hace más de 25 años la señora Esperanza se dedica a la venta de pescado y mariscos en un mercado grande. Gracias a este negocio a podido darles educación a todos sus hijos y construir su casa esto lo hace con el mejor de los esfuerzos para así poder salir adelante cada día por el bien de ella y su familia y en el futuro le gustaría dedicarse a la exportación de artesanía peruana. Con el reciente préstamo ella invertirá en la compra de insumos para su negocio.
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.