Good afternoon. This is the group “Los Ángeles Leales,” made up of seven entrepreneurial members. Rosario is 29 years old, married, with two children still dependent, who have been her driving force to continue forward. It has been more than two years that she has owned a grocery store, which offers soda, candy, and ice cream, among other products.
Thanks to the loan that Edaprospo and Kiva provided her, she continues to improve her business. Rosario’s greatest wish is to continue growing her grocery store. With the goal of continuing to improve she applied for the credit, which will buy her beverages, candy, and groceries, and so have her business stocked. She feels happy and thankful to the people who made this loan possible.
Rosario can be found seated in the front part of the picture, the first on the left side, dressed in a striped sweater and a black t-shirt. Teodosia, in the white sweater, is a passive member who in the following cycle will be reintegrating into the group.
Buenas tardes. Este es el Grupo “Los Ángeles Leales” conformado por 07 socios emprendedores. Rosario tiene 29 años casada con 2 hijos aún dependientes, la cual ha sido su motor para seguir adelante. Hace más de 2 años cuenta con una bodega la cual ofrece gaseosas, golosinas, helados entre otros productos. Gracias al préstamo que le brindo Edaprospo y Kiva sigue mejorando su negocio. El mayor anhelo de Rosario es seguir creciendo su bodega. Con el fin de seguir mejorando solicito el crédito, la cual comprará bebidas, golosinas y abarrotes y de esta manera tener surtido su negocio. Se siente feliz y agradece a las personas que hicieron posible este crédito. Rosario se encuentra sentada en la parte de adelante, es la primera del lado izquierdo, viste chompa a rayas y polo negro. La señora Teodosia de chompa blanca es una socia pasiva que en el siguiente ciclo se estará reintegrando al grupo.
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.