Hello from Peru! Rosa is the treasurer of the group named JUICE (“Juntos Unidos Iremos al Camino de Exito” which means together united we will go on the path of success). She is the person on the right side of the photo who is dressed in a blue sweater and accompanied by her son who is wearing a yellow shirt. This group is made up of 12 members who are very charismatic and positive. Rosa is married and has 3 children, only one of whom is a minor and can be seen in the photo. Rosa has an Internet café business and together with this activity she sells beauty products. The requested loan is for the purpose of buying new equipment so she can have an efficient business and also to be able to stock up on some beauty products. Rosa is happy to know that different people have provided support and she is grateful from her heart for the motivation that Kiva and EDAPROSPO have provided through the loans.
¡Hola! Desde Perú, Rosa es la tesorera del grupo denominado JUICE (“Juntos Unidos Iremos al Camino del Éxito”), es la persona que se encuentra en la parte derecha de la foto que viste con chompa azul y además está acompañada de su hijo que viste de polo amarillo. Este grupo está conformado por 12 integrantes, los cuales son muy carismáticos y positivos. Rosa es casada y tiene 3 hijos, de los cuales solo uno es menor de edad y se le puede visualizar en la foto. La Sra. Rosa tiene un negocio de Cabinas de Internet y conjuntamente a esta actividad ella vende productos de belleza; El préstamo solicitado es con la finalidad de comprar nuevos equipos y así tener un negocio eficiente y también poder abastecerse con algunos productos de belleza para tener en stock. Rosa está feliz de saber que diferentes personas le brindan apoyo y agradece de corazón por la motivación que le brinda KIVA y EDAPROSPO a través de los préstamos.
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.