Hello. This is the communal bank "Las Semillitas" (The Little Seeds). It is made up of seven entrepreneurs. They are entering their 13th lending cycle. Each of the members of the communal bank engage in different lines of work. Ana is the president of the group. She is married with two children. She has a small grocery store. She will use the the loan given by the KIVA investors to buy general grocery items. Ana's greatest wish is to have a larger grocery. In the photo above, she is the second from the left and wearing a blue t-shirt.
Buenas días este es el grupo “LAS SEMILLITAS” conformada por 7 personas emprendedoras, Que pasan al ciclo 13 cada uno de los integrantes del grupo se dedican a diversas actividades del comercios. Ana es presidenta del grupo ella es casada con dos hijos ella cuenta con una pequeña bodega. El préstamo que le dieron los inversionistas KIVA lo uso en la compra de abarrotes en general. Su mayor deseo es tener una bodega más grande. Ana es la segunda del lado izquierdo viste con un polo celeste.
Good morning this is the group "the little seeds" formed by seven entrepreneurs, who spend at each cycle 13 team members engage in various activities of businesses. Ana is president of the group she is married with two children, she has a small winery. The loan KIVA gave investors use it to buy groceries. His greatest wish is to have a larger warehouse. Ana is the second on the left wears a blue polo.
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.