Please accept our cordial greetings! In this photograph, you see the communal bank "Renacer," which has 6 members. These are tenacious women who are gradually improving their businesses. Today, we will get to know a bit more about Rosa, one of the members. She is 49 years old, single, and has no children. With a desire to succeed, Rosa decided to launch her own business. She now has a soda fountain, and from the fruit of her efforts she's been able to set up her business and her home. She is currently supporting her brother with the household expenses. Her main desire is to buy a car, which would allow her to transport her merchandise.
At this time, Rosa is requesting a loan to buy supplies such as cooking oil, potatoes, bread, hot dogs, salads, etc. She feels happy and grateful to the people who are making this loan possible. Rosa is seen toward the back of the group. She is the second in from the left, wearing a cherry sweater and blue pants.
Reciban ustedes cordiales saludos!!! En esta fotografía podemos apreciar al grupo “Renacer” la cual participan 06 socias luchadoras que poco a poco han ido mejorado sus negocios. Hoy conocerán un poco más sobre Rosa una de las integrantes. Ella tiene 49 años de edad es soltera y no tienes hijos. Con los deseos de superarse Rosa decide emprender su propio negocio donde actualmente cuenta con una fuente de soda, con el fruto de su esfuerzo ha podido implementar su negocio y su vivienda. Actualmente apoya a su hermana con los gastos del hogar. Su mayor deseo es de comprarse un carro donde le pueda permitir traer sus mercaderías. En esta oportunidad solicito el crédito para la compra de insumos como aceite, papas, panes, hot dog, ensaladas, etc. Se siente feliz y agradece a las personas que hicieron posible este crédito. Rosa está ubicada en la parte posterior, es la segunda del lado izquierdo viste chompa guinda y pantalón azul.
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.