This is the group "Las Azucenas" (The White Lillies) which is made of nine partners who dedicate themselves to commercial activity and are passing through their 28th cycle. Julia is 36 years old, married with 7 children, three of whom are school aged. She has dedicated herself to making new clothing for the last 20 years and has loyal customers. Julia has asked for a loan to purchase thread, needles, cloth, and buttons. One of Julia's goals is to be able to fix her house so that her children can have a better quality of life. Julia is very content with this loan and grateful to Kiva. Julia is located in the back and is the third from the right side, seen in the black shirt.
Este es el Grupo “Las Azucenas” que conforman 09 socias que se dedican a diversas actividades de comercio que pasan al ciclo 28. Julia tiene 36 años, casada con 07 hijos de la cual 03 de ellos en etapa escolar. Julia se dedica hace 20 años a la confección de ropa nueva y cuenta con clientes fidelizados. Julia ha solicitado el préstamo para la compra de hilos, agujas, tela, botones. Una de las metas de Julia es poder arreglar su casa para que sus hijos tengan mejor calidad de vida. Julia está muy contenta con este préstamo y agradece a Kiva. Julia se encuentra ubicada en la parte de atrás es la tercera del lado derecho, 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.