This is the Grupo Los Capullitos, or Little Buds Group, which is comprised of nine entrepreneurs that are in their 15th cycle of borrowing. Marleni is 32 years old and lives with her two school-aged children. She has had a shop that sells basic foodstuff for 5 years with a loyal base of customers. She’s asking for the loan to purchase seasonal fruitcake (panettone), chocolate, milk and sugar. Marleni's dream is to one day grow her business so she can better serve her customers and give her children a better quality of life. She is very happy with this loan and thankful to KIVA. She is the first one on the right in a black polo.
Este es el Grupo Los Capullitos que conforman 09 socias emprendedoras que pasan al ciclo 15. Marleni tiene 32 años, conviviente con 02 hijos en etapa escolar. Marleni cuenta desde hace 5 años con una bodega de primera necesidad y cuenta con clientes fidelizados. Marleni solicito el préstamo para la compra de paneton, chocolate, leche, azúcar. Su sueño es un día ampliar más su negocio donde así pueda atender mejor a sus clientes y darle una mejor calidad de vida a sus hijos. Marleni está muy contenta con este préstamo y agradece a Kiva. Marleni se encuentra atrás, es la primera del lado derecho y viste polo negro.
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.