Good afternoon. This is the group "Esfuerzo De Mujeres" (The Strength of Women). It is made up of 6 members and is on its 2nd Kiva loan. They are people who have improved themselves over time and have the end goal of offering a better quality of life to their families. Such is the case with Esther, who had to start her business over again as a result of her divorce. Her business is currently selling spices and CDs.
Esther is 52 years old, separated, and has grown children. One of her dreams is to establish her business. With the loan that she asked for, she will buy spices to offer her customers.
The Esfuerzo De Mujeres group thanks those that made this loan possible. Esther is the third from the right, dressed in a turquoise shirt and pants. Shirley couldn't be present for the photo due to work.
Buenas tardes. El grupo “Esfuerzo De Mujeres” conformado por 06 socios, la cual pasa a su 2do ciclo, son personas que han ido mejorando en el transcurso del tiempo con la única finalidad de ofrecerles una mejor calidad de vida a sus familias. Tal es el caso de Esther que a raíz de su divorcio tuvo que retomar su negocio, la cual actualmente ofrece en un mercado especierías (condimentos) y CDs. Esther de 52 años es separada con hijos independientes. Unos de sus sueños son de implementar su negocio. Con el crédito que solicitó comprará especierías y de esta manera tener que ofrecer a sus clientes. El grupo “Esfuerzo De Mujeres” agradecen a las personas que hicieron posible este crédito. Esther es la tercera del lado derecho y viste polo y pantalón color turquesa. Shirley no pudo estar presente 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.