This is the "Sol de Cupiche" communal bank, which is starting its 7th loan cycle. The eight people who are in it have proved to be responsible and supportive towards their fellow members. On this occasion, the featured member is Angélica. She's 35 years old and her family is comprised of herself, her husband and two underage children. Angélica rents out motorcycle taxis. She started this business because her husband travels abroad, and therefore he was the one who supported her in buying said motorcycles. At the age of 35, Angélica has achieved some of her goals, such as improving her home and owning four motorcycle taxis, as she currently does. She feels proud because through her work she's able to keep on supporting her household expenses. She'll use this latest loan to do maintenance work on her motorcycle taxis. Her next goal is to buy a car, which she would offer for transportation services. The "Sol de Cupiche" group is glad to know that people from other countries cooperate with their progress. In the photo, Angélica is standing in the back. She's the third one from the right, wearing a lead-colored jacket.
La Alcancía Comunal “Sol De Cupiche” empieza su 7mo ciclo, las 08 personas que participan han demostrado responsabilidad y solidaridad con sus compañeros. En esta oportunidad conoce un poco más de Angélica, ella tiene 35 años de edad y su familia la conforman ella, su esposo y sus 02 hijos aún menores. Angélica se dedica al alquiler de mototaxis. Dicho negocio comenzó a raíz de que su esposo viaja al extranjero, pues es él quien le apoyo en la compra de dichas motos. A sus 35 años Angélica a llegado a cumplir algunas de sus metas como mejorar su vivienda y ser propietaria actualmente de 04 mototaxis. Se siente orgullosa pues con su trabajo puede seguir apoyando con los gastos del hogar. Su último crédito lo destinará para el mantenimiento de sus mototaxis. Su siguiente meta es el de comprarse un auto, la cual lo utilizará para brindar el servicio de transporte. El grupo “Sol De Cupiche” se siente feliz al saber que personas de otros países colaboran en su progreso. Angélica se encuentra de pie en la parte posterior, es la tercera del lado derecho viste casaca ploma.
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.