This is the group "Mujeres Emprendedoras" [Enterprising Women] that consists of 6 enterprising women that work in various areas of retail. This is their 22nd loan. Luzmila is 43 years old and is married with 4 children. Luzmila has had a basic essentials grocery store for five years and is asking for a loan to buy rice, sugar, milk, and oil.
Luzmila's dream is to grow her business. Luzmila thanks Kiva investors for allowing her to continue growing her business.
Luzmila is in the forward part of the photo, first on the right in the pink shirt and black pants.
Este es el Grupo “Mujeres Emprendedoras” que conforman 06 mujeres emprendedoras que se dedican a diversas actividades de comercio que pasan al ciclo 22. Luzmila tiene 43 años, casada con 04 hijos. Desde hace 5 años Luzmila cuenta con una bodega de primera necesidad. Luzmila solicito el préstamo para la compra de arroz, azúcar, leche, aceite. El sueño de Luzmila es de crecer más su negocio. Luzmila agradece a los inversionistas Kiva por permitirle seguir creciendo su negocio. Luzmila se encuentra en la parte de adelante es la primera del lado derecho, viste polo rosado y pantalón 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.