This is the “Unidas Por Siempre” (Always United) group. It has five, hardworking, committed women who are in their fourth loan cycle. Katherine, 26, is married and has a minor son. Katherine is a young enterprising mother who works selling basic staple items, a business she’s been improving thanks to her mother’s support who also works there. Her greatest wish is to continue stocking her store. She will use her most recent loan to buy beverages and snacks. The “Unidas Por Siempre” group is grateful for the loan granted. Katherine is seated and has her baby in her arms.
Este es el grupo “Unidas Por Siempre” integrado por 05 mujeres trabajadoras y comprometidas que pasan a su 4to ciclo. Katherine de 26 años, casada con 01 hijo menor de edad. Katherine es una joven madre emprendedora que se dedica a la venta de productos de primera necesidad, negocio que ha ido mejorando gracias al apoyo de su madre, quien también trabaja ella. Seguir implementando su tienda es su mayor deseo. Su último crédito lo destinará para la compra de bebidas y golosinas. El grupo “Unidas Por Siempre” agradecen el crédito brindado. Katherine se encuentra sentada y tiene en brazos a su bebe.
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.