This is the "Portales de Pariachi" group, comprising 8 friends who are dedicated to different business activities. The large majority of members are neighbors, and this is their 11th loan cycle. America is 31 years old, single, and has been a group member for one year. For more than a year, she has a stand where she has sold new clothes to help with household expenses. She lives together with her parents. America is asking for this loan to improve her clothing stand by purchasing polo shirts, tank tops, and jeans to sell. Her dream is to expand her business to be able to better serve her customers. America is grateful to Kiva lenders for allowing her to continue to grow her business. In the photo, America is in the back row, fourth person from the left side. She is wearing a green polo shirt and a blue sweater.
Este es el Grupo “Los Portales de Pariachi” que conforman 08 socios que se dedican a diversas actividades de comercio, la gran mayoría de ellos vecinos de la zona que pasan al ciclo 11. America tiene 31 años, soltera, lleva 01 año en el grupo. America tiene un puesto donde se dedica hace más de 01 año a la venta de ropa nueva y ayuda con los gastos del hogar. Actualmente vive junto con sus padres. America solicitó el préstamo para mejorar su puesto de trabajo, para la compra de polos, bibiri y pantalón jeans. Su sueño es de tener ampliar su tienda para atender mejor a sus clientes. Esta agradecida con los inversionistas Kiva por permitirle seguir creciendo su negocio. America se encuentra en la parte de atrás es la cuarta del lado derecho, viste polo verde y chompa 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.