This is the San Judas Tadeo group, which is made up of nine enterprising female members who work in a number of different businesses. They are on their 13th loan cycle. Carmen is 41 years of age, and has two children. For the past three years she has worked selling beauty products, and has requested a loan to buy perfumes, talcum powders, and creams.
Carmen’s dream is to finish building her house. She thanks the Kiva investors for allowing her to continue growing her business. Carmen is pictured in the forefront of the picture, the second from the left, wearing a white top with stripes and black pants.
Este es el Grupo “San Judas Tadeo” que conforman 09 mujeres emprendedoras que se dedican a diversas actividades de comercio que pasan al ciclo 13. Carmen tiene 41 años, con 02 hijos. Desde hace 3 años Carmen se dedica a la venta de productos de belleza. Carmen solicito el préstamo para la compra de perfumes, talcos, cremas. El sueño de Carmen es de terminar de construir su casa. Carmen agradece a los inversionistas Kiva por permitirle seguir creciendo su negocio. Carmen se encuentra en la parte de adelante es la segunda del lado izquierdo, viste polo blanco con rayas 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.