Ricardo is 62-years-old and is a widower with four children, one of which is still dependent on him. Currently, he has an internet café business which he has had for more than two years. He also has a plumbing business where he earns more income for his household. Ricardo is a determined father. With his work and effort he has been able to improve his business which currently has 10 computers. He was one of the people affected by a mudslide which damaged some of his machines. He is requesting the loan to improve things so he will use it to do maintenance on his computers. Ricardo is a member of the communal bank “Mujeres Triunfadores” (Triumphant Women), which is made up of nine members. They are thankful for the loans they have been offered. Ricardo is located in the back of the photo, he is the third from the right, dressed in a blue jacket and a white shirt.
Ricardo de 62 años es viudo y tiene 04 hijos 01 de ellos aún dependiente. Actualmente cuenta con un negocio de cabinas de internet, lleva en este negocio hace mas de 02 años, también brinda servicio de gasfitería de donde obtiene un ingreso mas para su hogar. Ricardo es un padre empeñoso pues con su trabajo y esfuerzo a podido mejorar su negocio, ya que en la actualidad cuenta con 10 máquinas. Él fue uno de los afectados por el huayco, donde se dañaron algunas de sus máquinas. Con el fin de mejorar solicito el crédito, ya que lo utilizara para el mantenimiento de sus computadoras. Ricardo es integrante de la Alcancía Comunal “Mujeres Triunfadoras” y está conformado por 09 socios. Ellos agradecen el crédito brindado. Ricardo está ubicado en la parte posterior, es el tercero del lado derecho viste casaca azul y polo 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.