Yessenia Margot, 33, is a member of the communal bank "Los Luchadores de Ramon Castilla." The group has 7 members. It is a new group that got together so that they could jointly get ahead with their businesses.
Yessenia Margot has been tending to her grocery store business for 5 years. The business is set up in her home, and it has been growing gradually thanks to her efforts and hard work. Yessenia will invest this loan in the purchase of products for her store, such as groceries and drinks.
YESSENIA MARGOT, tiene 33 años de edad, ella es socia del grupo "Los Luchadores de Ramon Castilla" formado por siete integrantes, éste es un grupo nuevo, que se unieron para poder conseguir juntos sacar adelante sus negocios.
Yessenia Margot, desde hace cinco años se dedica a atender su negocio, es una bodega que esta instalada en su domicilio, su negocio ha ido creciendo poco a poco gracias a su esfuerzo y trabajo, el préstamo que recibió lo invertirá en la compra de productos para su bodega como abarrotes y bebidas.
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.