Greetings from Peru! We present to you a group of 7 entrepreneurial people who have a lot of creativity regarding business. They are the members of the community group "Solidarity of Jicamarca." One of the members is Eugenia who is 53 years old and the mother of a son who is her motivation for constant struggle. Eugenia is a hard worker and she has a great desire to get ahead. Eugenia is a retired teacher who, starting very early in the morning, attends to her little bodega that she has in her house and later she performs sewing services. With the loan she has been granted she will complete purchases of supplies of groceries and vegetables for her bodega and through this she will be able to improve her quality of life. In the future she would like to enlarge her bodega to obtain better earnings. Eugenia is very grateful to Kiva and Edaprospo for the help they have given her and the confidence they have instilled in her.
Hola desde Perú, les presento a un grupo conformado por 7 personas emprendedoras y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “solidaridad de jicamarca” una de ellas es la Sra. Eugenia de 53 años de edad y madre un hijo el cual e su motivo de lucha constante. la Sra. Eugenia es muy trabajadora y con grandes deseos de superación. la Sra. Eugenia es una maestra jubilada que desde muy temprano se dedica a la atención en su pequeña bodega que tiene en su casa y eventualmente realiza servicios de costura.con el préstamo otorgado realizara compras para suministrar de abarrotes y verduras para su bodega y a si poder mejorar su calidad de vida. en el futuro le gustaría ampliar su bodega y a si poder tener mayores ingresos económicos. la Sra. Eugenia se despide muy agradecida con kiva y Edaprospo por la ayuda brindada y la confianza depositada en ella.
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.