Greetings from Peru. Meet the group "El Esfuerzo es Grande", made up of nine hard working members who have reached their seventh loan cycle.
Noymi is one of the group members and is 47 years old. She has two children and has run a store for two years. The loan that EDAPROSPO gave her was used to buy groceries and school supplies. Her most sought after dream is to have a larger store. She is thankful for the Kiva lenders for allowing her to continue growing her business. Noymi is the third from the left wearing a black tee shirt and black sweatpants.
Saludos desde Perú. Les presento al grupo “El Esfuerzo es Grande” ALCOM B0099 conformados por 09 socios trabajadoras y pasan al ciclo 07. Noymi es una de las de las integrantes de grupo ella tiene 47 con dos hijos ella cuenta con una bodega desde hace 2 años el préstamo que le dio EDAPROSPO – KIVA lo uso en la compra de abarrotes y útiles escolares su mayor deseo es tener una bodega mas grande. Esta agradecida con los inversionistas Kiva por permitirle seguir creciendo su negocio. Noymi es la tercera del lado izquierdo viste polo negro y buzo 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.