This is the "Gotitas de Amor" ("Little Drops of Love") Group made up of 7 women entrepreneurs that make a living from various commercial activities, passing to its 13th cycle. Mida is 48 years old and lives with her 3 children, one of whom is still in school. Mida has a stall at the market, where she has made a living by selling beef for the last 5 years. Mida asked for the loan to buy meat and trifles. Her dream is to finish her house and thus give her children a better quality of life. Mida is very content with this loan and thanks Kiva. Mida is located in the front, third from the left, dressed in the green polo with yellow stripes.
Este es el Grupo “Gotitas de Amor” que conforman 07 mujeres emprendedoras que se dedican a diversas actividades de comercio que pasan al ciclo 13. Mida tiene 48 años, conviviente con 03 hijos de la cual 01 de ellos en etapa escolar. Mida tiene un puesto en el mercado donde se dedica desde hace 5 años en la venta de carne de res. Mida solicito el préstamo para la compra de carne, menudencias. Su sueño es de terminar su casa y así darles una mejor calidad de vida a sus hijos. Mida está muy contenta con este préstamo y agradece a Kiva. Mida se encuentra ubicada en la parte de adelante es la tercera del lado izquierdo, viste polo verde con rayas amarillas.
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.