Good day. This is the “Unidos Para Triunfar” (United For Triumph) Group, which has eleven members, most of whom are neighbours who spent 13 years together.
Alicia is 28, and is married with two young children. She owns a grocery store offering basic goods. She has been working in this for over two years. With the fruits of her efforts, Alicia has managed to make improvements to her house and support her children's education. Her biggest wish is to continue improving her business.
She will use her latest loan as working capital, to buy rice, sugar, milk and drinks. The “Unidos Para Triunfar” Group are grateful for the credit given since it makes their progress possible. Alicia is second from the right at the back of the photograph.
Buenos días. Este es el Grupo “Unidos Para Triunfar” conformado por 11 socios, la gran mayoría de ellos vecinos de la zona y pasan al ciclo 13. Alicia tiene 28 años casada y con 02 menores hijos. Cuenta con una bodega la cual ofrece productos de primera necesidad lleva trabajando de esta manera hace más de 2 años. Con el fruto de su esfuerzo Alicia ha logrado mejorar su vivienda y apoyar en la educación de sus hijos. Seguir mejorando su negocio es su mayor deseo. Su último crédito lo destinará como capital de trabajo, la cual comprara arroz, azúcar, leche y bebidas. El grupo “Unidos Para Triunfar” agradecen el crédito brindado ya que hace posible su progreso. Alicia está ubicada en la parte posterior es la segunda del lado derecho.
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.