Greetings from Perú!!! This is the new “Esfuerzo De Mujeres” group, made up of six responsible and hard-working women. Esther, one of the members, is 23 and married with three dependent children. She currently sells and delivers food. She created this business with the goal of offering her family a better quality of life. With her work and the help of her husband, she has been able to buy two motorcycles for providing a transportation service, generating an extra income for her household. She will use this loan for the purchase of supplies like rice, noodles, mixed vegetables, and a display case in which to keep her products. Her greatest desire is to keep improving her business. The Esfuerzo de Mujeres group is grateful for this loan.
Esther is pictured third from the right in grey.
Saludos desde Perú!!! Este es el nuevo grupo “Esfuerzo De Mujeres” conformado por 06 personas responsables y trabajadoras. Esther una de las socias, tiene 23 años casada con 03 hijos dependientes. Actualmente se dedica a la venta de comidas a reparto, este negocio surgió con la idea de brindarle una mejor calidad de vida a su familia. Con su trabajo y la ayuda de su esposo a podido comprarse 02 motos la cual brinda como servicio de transporte, generando un ingreso extra para su hogar. Su último crédito lo destinará para la compra de insumos como arroz, fideos, menestras y una vitrina donde pueda guardar sus productos. Seguir mejorando su negocio es su mayor deseo. El grupo “Esfuerzo De Mujeres” agradecen el crédito brindado. Esther es la tercera del lado derecho viste polo color plomo.
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.