¡Greetings from Peru! “Juntos para el Éxito” (United to Succeed) is a group composed of 5 members, who stand out for being greatly skilled in their activities and tenacious in their daily lives. Cintia is a member of the group. She is 25 years old, she is single and she has a 5-year-old daughter. She runs a small clothing sale shop in her house, and she also sells beauty products. She is requesting a loan to buy items of clothing according to the latest fashion trends, as well as to supply her shop with some beauty products she will then sell. Together with her group “Juntos para el Éxito”, Cintia wholeheartedly thanks the different lenders the will support he through Kiva and Edaprospo. In the photo Cintia is wearing a pink polo shirt, and she is the woman carrying her daughter in her arms.
¡Saludos, desde Perú! El grupo “Juntos para el Éxito” está conformado por 5 socias, las cuales se destacan por ser muy hábiles en los negocios y ser luchadores en la vida. La Sra. Cintia es socia del grupo, tiene 25 años, es soltera y tiene 1 hija de 5 años. Ella tiene un pequeño negocio de venta de ropa en su vivienda y también labora vendiendo productos de belleza. Es por esta razón que solicito el préstamo, para así poder comprar prendas de vestir según las tendencias de moda y poder abastecerse también de algunos productos de belleza para realizar su posterior venta. Cintia junto a su grupo "Juntos para el Éxito" agradece de corazón a los diferentes inversionistas que apoyan a través de KIVA Y EDAPROSPO. Cintia viste un polo de color rosado y es aquella mujer que está cargando a su hija.
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.