The "Santa Rosa" group is a group that is very optimistic and wants to get ahead. It was formed a year and a half ago and has 7 members. They can attest that you can get ahead despite adversity. An example is Rosario, who is 36 years old. She is single and has a son. She gets ahead every day with hard work and dedication, working as a seamstress as a source of income. She started with this business because she didn't have anyone to leave her young son with, so she started her small seamstress shop in her home. Every day it grows more. This loan will be invested in buying fabric to make clothing. Rosario is only one of the 7 members who with hardwork and enthusiam are getting ahead for their own and thier families' wellbeing.
Un grupo con mucho optimismo y deseo de hacer negocio, es el grupo "Santa Rosa", formado hace ya un año y medio, cuenta con 7 integrantes los cuales dan fe que si se puede salir adelante a pesar de las adversidades. Muestra de ello es la señora Rosario de 36 años de edad, soltera y con un hijo, ella sale adelante cada día dándole empeño y esmero a la sastrería que tiene como fuente de ingresos. Ella comenzó con este negocio propio a raíz que no tenía con quien dejar al cuidado a su menor hijo, es así como surge este pequeña sastrería en su casa, que día a día crece cada vez mas. El presente préstamo lo invertirá en compras de telas para la confección de prendas de vestir. Rosario es solo una de las 7 integrantes que con esfuerzo y entusiasmo salen adelante para el bienestar de ellas y sus familias.
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.