Hello to everyone from Peru. The group “Los Angeles de Vitarte” (The angels of Vitarte) is comprised of 10 members. Most members work in the retail trade to improve their families lifestlyle.
One of the members, Sara, is 48 years old, married, and a mother to 5 children. She works daily to the sale of coffee beans that she harvests on her small plot of land. She also sells honey from bees which has allowed her to generate income to cover the costs of her children’s’ education.
With the loan she will invest it in the purchase of honey to resell. In the future she would like to have her own store where she can sell products to improve the finances in her hometown and offer a better quality of life to her family.
Similar to Sara, all of the members are grateful for the loan and for the confidence that has been entrusted to them.
Hola a todos, desde Perú les presento al grupo” los ángeles de Vitarte” conformado por 10 integrantes los cuales muchos de ellos se dedican al comercio minorista para lograr un desarrollo económico para sus familias, tal es a si una de sus integrantes la Sra. Sara de 48 años de edad casada y madre de 5 hijos, ella se dedica diariamente a la venta de granos de café que cosecha de su pequeño terreno agricola, también se dedica a la venta de miel de abeja, el cual le ha generado ganancias para poder cubrir los gastos de educación de sus hijos. Con el reciente préstamo lo invertirá en la compra de miel para su posterior venta. En el futuro le gustaría tener un local propio donde poder vender sus productos y mejorar la economía en su hogar y brindarle una mejor calidad de vida a su familia. Al igual que la Sra. Sara todos los integrantes se encuentran agradecidos por el préstamo brindado y por la confianza que se les ha sido otorgado.
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.