This is the Madres Unidas group, made up of entrepreneurial people. Margarita, 64, is the mother of nine grown children. Margarita makes a living selling stockings, underwear, and umbrellas, a job she has done for many years.
She used her Kiva loan to buy more merchandise for her business. Her greatest desire is to have her own stand and to help her grandchildren with their education.
The group is grateful to the Kiva lenders.
Margarita is the first one on the left; she's wearing a black blouse.
El grupo “MADRES UNIDAS” grupo conformado por personas emprendedoras. Margarita tiene 64 años es madre de 9 hijos ya mayores de edad. Margarita se dedica a la venta de medias, ropas interiores, paraguas, actividad que realiza desde hace muchos años. El préstamo que le dió KIVA lo utilizó en la compra de más mercadería para su negocio. Su mayor deseo es tener un stand propio y ayudar a sus nietas en su educación. El grupo agradece a los inversionistas KIVA. Margarita es la primera del lado izquierdo viste con blusa negra.
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.