This is the group “El Sol De Cupiche” (The sun of Cupiche). It is called that because the vast majority of them are residents of the area. It is made up of 9 members and is in its 8th cycle.
Doris is 56 years old and separated with 6 children. She currently supports 4 of them. She has a business where she offers the service of washing cars. With much effort, she has improved her business, which currently also offers snacks and drinks. This business arose with the idea of being able to provide a better education for her children, which is why she works so hard. Her greatest desire is to see her children become professionals.
She is requesting a loan to buy items to clean cars and sweets. The group “El Sol De Cupiche” is grateful for the provided credit and is committed to continue working well with the program "Prosperidad" (Prosperity). Doris is located in the back, second from the left side, wearing a dark vest with a purple long sleeve shirt.
Este es el grupo “El Sol De Cupiche” conformado por 09 socios, la cual pasan a su 8 ciclo, siendo la gran mayoría de ellos vecinos de la zona. Doris de 56 años separada con 06 hijos, actualmente sigue apoyando a 04 de ellos. Ella cuenta con un negocio donde brinda servicio de lavados de carros, con mucho esfuerzo a llegado a mejorar su negocio ya que actualmente también ofrece golosinas y bebidas. Este negocio surgió con la idea de poderles brindar una mejor educación a sus hijos, es por ello que se esfuerza. Su mayor deseo es de ver a sus hijos profesionales. Solicito el crédito para la compra de artículos de limpieza de autos y golosinas. La Alcancía Comunal “El Sol De Cupiche” agradece el crédito brindado y se comprometen a seguir trabajando bien con el Programa-Prosperidad. Doris se encuentra en la parte posterior, es la segunda del lado izquierda viste chaleco plomo y polo manga larga color morado.
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.