Greetings! This is the new group Tayta Cruz De Muruhuay, comprised of 13 members who are eager to start work. Irma, one of the members, is separated and has one dependent son. In her 31 years, she has has been able to achieve some of her goals such as having her own business and buying her home. For more than 1 year she has worked selling pumpkin donuts and coffee. This business has enabled her to improve the quality of life for her son and herself. Her next goal is finish building her house. She is requesting this loan to buy supplies such as flour, sugar, and coffee and toys that she can offer during the Christmas campaign. The new group Tayta Cruz de Muruhuay is grateful for the loan they are being offered. Irma is seated second from the right wearing a flowered jacket and blue pants.
Saludos cordiales. Este es el nuevo grupo “Tayta Cruz De Muruhuay” conformado por 13 socios entusiastas de comenzar a trabajar. Irma una de las socias es separada con 01 hijo dependiente. A sus 31 años ha llegado a cumplir algunos de sus metas como mantener su negocio y comprar su vivienda. Hace más de 01 año que se dedica a la venta de picarones con café. Este negocio le ha permitido mejorar la calidad de vida la de ella y su pequeño. Su siguiente meta es de terminar de construir su vivienda. Este crédito lo solicito para la compra de insumos como harina, azúcar, café y juguetes para que pueda ofrecer por campaña navideña. El nuevo grupo “Tayta Cruz De Muruhuay” agradece el crédito brindado. Irma se encuentra sentada, es la segunda del lado derecho viste una casaca floreada y pantalón 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.