The “Los Progresistas De Cupiche” group, made up of 7 responsible members with diverse businesses who are committed to the Program, is entering its 7th loan cycle with.
Albina is one of the members. She is 47 years old, living with 3 children, 2 of whom are still dependent. Albina has a small grocery store where she offers convenience store items, she has spent more than 4 years in this business. It was the need to give her family a better quality of life which motivated her to undertake this enterprise. Her biggest dream is to see her children become professionals, that is why she is working so much. She will allocate her latest loan to buying grocery store items, sweets and drinks and thereby keep her store well-stocked.
The "Los Progresistas De Cupiche” group is grateful for the loan given as it makes its progress possible. Albina is the first person on the left, wearing a beige jacket.
El grupo “Los Progresistas De Cupiche” conformado por 07 socios responsables dedicados a distintas actividades comerciales, la cual pasan a su 7 ciclo, siendo Albina una de las socias. Ella tiene 47 años de edad, conviviente con 03 hijos 02 de ellos aún dependientes. Albina cuenta con una pequeña bodega en su vivienda la cual ofrece productos de primera necesidad, lleva más de 04 años en dicho negocio. Fue la necesidad de brindarle a su familia una mejor calidad de vida la que la motivo a emprender dicho negocio. Su mayor deseo es de ver a sus hijos profesionales, es por ello que trabaja mucho. Su último crédito lo destinará para la compra de abarrotes, golosinas y bebidas y de esta manera tener surtida su bodega. El grupo “Los Progresistas De Cupiche” agradecen el crédito brindado ya que hace posible su progreso. Albina es la primera del lado izquierdo viste chaleco color beige
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.