A very big hello.The group "Mi Banquito" is made up of 10 people who work hard everyday to get ahead. Nicolás is one of the active members of the group and is 49 years old, married with four children and he continues to support two of them. Nicolás is a good farmer and goes daily to his small farm where he grows alfalfa, flowers, beans and potatoes; following the example of his family members who also work in agriculture. He is happy because thanks to the loans with Edaprospo he has been able to improve his business. To continue to grow is his biggest desire since this will allow him to offer a better quality of life to his family. With this opportunity he is applying for a loan to purchase fertilizer, seeds and pay his workers. The group "Mi Banquito" is grateful for the loan that has made their progress possible. Nicolás is the only man in the group and is seated second from the left and is wearing a sweat shirt.
Muy buenos días. El grupo “Mi Banquito” es un grupo conformado por 10 socios trabajadores que se esfuerzan cada día para salir adelante. Nicolás uno de los integrantes activo tiene 49 años, casado con 04 hijos la cual sigue apoyando a 02 de ellos. Nicolás como un buen agricultor se dirige diariamente a su chacra donde siembra alfalfa, flores, habas y papa; siguiendo el ejemplo de sus familiares quien también se dedicaba a dicha actividad. Se siente feliz pues gracias a los préstamos de Edaprospo a logrado mejorar su negocio. Seguir creciendo en su negocio es su mayor deseo, ya que esto le permitirá brindarle una mejor calidad de vida a su familia. En esta oportunidad solito el crédito para la compra de abono, semillas y pagos de sus trabajadores. El grupo “Mi Banquito” agradece el crédito brindado ya que hace posible su progreso. Nicolás es el único varón del grupo, se encuentra sentado es el segundo del lado izquierdo y 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.