Greetings from Peru! This is the "Virgen de Guadalupe de Santa Clara" Group, which is comprised of seven members. Marlene is the first person on the right, dressed in blue. Marlene is a member of the group and she is married with two dependent children. She also lives with her husband. Marlene sells pharmaceutical products. She started her business about a year ago and has always had her husband's support. Marlene is going to use this loan to buy merchandise so that she can stock her business. Marlene's dream is to have a chain of pharmacies and to pay for her children's educations. Marlene, along with the other members of her group, are grateful for the confidence and support offered to them.
¡Saludos desde Perú!, Este es el grupo “Virgen de Guadalupe de Santa Clara”, el cual está conformado por 7 integrantes. La Sra. Marlene es la primera persona que se ubica en la parte derecha de la foto con vestimenta azulina. Marlene es socia del grupo, es casada y tiene 2 hijos a su cargo, vive también con su pareja. La Sra. Marlene se dedica a la venta de productos farmacéuticos, empezó con su negocio hace un año y recibe siempre el apoyo de su esposo. Marlene va a utilizar el préstamo para comprar mercadería y así poder abastecer su negocio. El sueño de la Sra. Marlene es tener una cadena de "Farmacias" y el pago de los estudios de sus hijos. La Sra. Marlene con los demás integrantes del grupo le agradecen por la confianza y apoyo brindado.
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.