Greetings! This is the “Jesús Pan De Vida” group, which is made up of 10 enterprising ladies. Katherine is one of the members and has been working with this group for one year. She is 20 years old, married, and has a one year old son. During her short life, she has managed to achieve a few dreams, such as making improvements to her home and maintaining her business. Currently she and her husband sell food. She will use the money from the loan to buy a cooker, which will allow her to work more efficiently. Continuing to improve her business is her greatest desire. The group is grateful for this loan because it makes it possible to progress. In the picture, Katherine is standing second from the left, wearing a stripped top.
Cordiales Saludos. Este es el grupo “Jesús Pan De Vida” conformado por 10 mujeres emprendedoras. Katherine una de las integrantes lleva trabajando con el grupo hace 01 año. Ella tiene 20 años, casada y tiene 01 hijo. A su corta edad a logrado cumplir algunos de sus sueños como mejorar su vivienda y mantener su negocio. Actualmente cuenta con un puesto de venta de comida la cual trabaja con su pareja. Su último crédito lo destinará para la compra de una cocina, donde le permita trabajar mejor. Seguir mejorando su negocio es su mayor deseo. El grupo “Jesús Pan De Vida” agradecen el crédito brindado pues hace posible su progreso. Katherine se encuentra de pie es la segunda del lado izquierdo y viste polo celeste con rayas.
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.