The “ ESPERANZA Y PROGRESO” group is in its 28th cycle and has been on time with its payments. This group is made up of five enterprising women who have various businesses. Naomi is the group's secretary. She's 37 years old, married, and has three children. She has been selling food for the past 19 years and works for INABIF. She makes chocoteja in her spare time. Her greatest desire is to have a fast food restaurant. She will use the money from this loan to buy chairs and tables. The group is grateful to the Kiva lenders. Naomi is the first one on the left.
El grupo “ ESPERANZA Y PROGRESO” se encuentra pasando el ciclo 28 es un grupo recurrentes son puntuales en sus cuotas. Este grupo está conformado por 5 mujeres emprendedoras dedicadas a diversas actividades del comercio. Noemí es secretaria del grupo tiene 37 años conviviente con 3 hijos. Se dedica a la venta de comida hace 19 años y a la vez trabaja en la INABIF. En sus tiempos libres prepara chocoteja. Su mayor deseo es tener un restaurant de comida rápida. El préstamo lo invertirá en la compra de sillas y mesas. El grupo agradece a los inversionistas KIVA. Noemí es la primera del lado izquierdo.
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.