This is the “Los Amigos Empresarios” [the Enterprising Friends] group. It is made up of 10 members and is in their second cycle. Katty is one of the members. She buys and sells fruit wholesale and she has done this for 3 years. At 30 years old, Katty has been able to improve her home and help her parents. Her biggest wish is to keep improving her business. She asked for the loan to to buy fruit so she can fill her orders. Katty is single and right now lives with her parents. The “Los Amigos Empresarios” group is grateful for the loan that has been offered and committed to keep working well. Katty is sitting in the photo, first from the right and wearing a light blue shirt. In the upper left corner is Irma, who was unable to get there on time because of work.
Este es el grupo “Los Amigos Empresarios” y está conformada por 10 socios, dicho grupo pasan a su 2 ciclo. Siendo Katty una de las integrantes. Ella se dedica a la compra y venta de frutas al por mayor, trabaja de esta manera hace mas de 3 años. A sus 30 años Katty ha logrado mejorar su vivienda y apoyar a sus padres. Su mayor deseo es de seguir mejorando su negocio. Solicitó el crédito para la compra de frutas y de esta manera cumplir con sus pedidos. Katty es soltera y actualmente vive con sus padres. El grupo “Los Amigos Empresarios” agradecen el crédito brindado y se comprometen a seguir trabajando bien. Katty se encuentra sentada, es la primera del lado derecho y viste polo celeste. En la parte superior al lado izquierdo esta la señora Irma, la cual no pudo llegar a tiempo por motivo de trabajo.
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.