This is the Future of Tomorrow Group which has five members that are involved in a variety of businesses. They are in their 5th cycle of borrowing. Eduardo is single and 30 years old. He has been selling food for 6 years, and has a loyal customer base. Eduardo’s dream is to grow his business so that he will be able to serve his customers better. The loan he asks for will be used to buy rice, cooking oil, potatoes and chicken. Eduardo is very happy with this loan and thankful to KIVA’s investors. He is the third from the right dressed in jeans and a gray shirt.
Este es el Grupo “El Futuro del Mañana” que conforman 05 socios que se dedican a diversas actividades de comercio que pasan al ciclo 05. Eduardo tiene 30 años, soltero. Eduardo se dedica desde hace 06 años a la venta de comida, cuenta con clientes fidelizados. El sueño de Eduardo es ampliar más su negocio para así poder atender mejor a sus clientes. El crédito que solicito lo destinara para la compra de arroz, aceite, papa, pollo. Eduardo está muy contento con este préstamo y agradece a los inversionistas Kiva. Eduardo se encuentra en la parte de atrás es el tercero del lado derecho, viste polo plomo y jean.
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.