This is Paz y Bien Group, made up of eight members in their tenth cycle who make a living in a variety of business activities. This is the case of Eduardo, one of the members. He's 24 years old and single, and he presides over the board of directors.
Three years ago Eduardo started his own business selling ceviche in a stall, and he has loyal customers. His dream is to expand his business more and be able to better serve his customers.
He requested the loan to buy an industrial stove with two burners and fish.
Eduardo's very happy about this loan and thanks the Kiva lenders.
Eduardo's the third from the right in the back, wearing a green polo shirt.
Este es el Grupo “Paz y Bien” que conforman 08 socios que se dedican a diversas actividades de comercio que pasan al ciclo 10. Este es el caso de una de los socios Eduardo de 24 años, soltero, forma parte de la directiva y es la que preside al Grupo. Hace 03 años que Eduardo inicio su propio negocio de la venta de ceviche en un puesto y cuenta con clientes fidelizados. Su sueño es de ampliar más su negocio y así poder atender mejor a sus clientes. Solicito el crédito para la compra de una cocina industrial de 02 hornillas y pescado. Eduardo está muy contento con este préstamo y agradece a los inversionistas Kiva. Eduardo se encuentra en la parte de atrás es el tercero del lado derecho, viste polo verde.
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.