María Luisa, 62, is part of the “El Triunfo” (Triumph) communal bank; this group is noted for being very well-organized and for making their installment payments properly. María Luisa has worked for more than 20 years selling sweets. She makes them and home delivers them to neighbors, friends and family members. The loan she got will be used to buy ingredients like sugar by the sack and disposable containers used to deliver her sweets.
La Sra. Maria Luisa, tiene 62 años de edad, ella forma parte del grupo de nombre "El Triunfo". Este grupo se caracetriza por se ordenado y cumplido con el pago de las cuota de sus prestamos.
La Sra. Maria Luisa se dedica desde hace mas de 20 años a la venta de dulces, ella los prepara y reparte a domicilio a sus vecinos, amigos y familiares.
El prestamo recibido lo invirtió en la compra de insumos como azucar por costales y descartables que le sirven para entregar sus dulces.
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.