The communal bank "SHALOM" is comprised of eight working women who are involved in different retail businesses. Eliana, 26, lives with her common-law husband and son. She sells meat at the Ramón Castilla Market and has been in business for four years. She decided to set up her business as she had learned about the meat business from her parents by helping them when she was young.
She will use the loan to buy more meat. Her greatest desire is to have her own home. She is grateful to KIVA lenders for the loan. Eliana is the first one from the left. Olga is not in the photo for health reasons.
El grupo “SHALOM” está conformado por 8 mujeres trabajadoras dedicadas a diversas actividades del comercio minorista. Eliana tiene 26 años conviviente con un hijo. Dedicada a la venta de carne en el mercado ex Ramón Castilla. Hace 4 años viene realizando esta actividad. Ella decidió emprender este negocio YA que desde muy jovencita ayudo a sus padres en el negocio de carnicería. El préstamo lo invertirá en la compra de más carne. Su mayor deseo es tener su casa propia. El grupo agradece a los inversionistas KIVA por el préstamo. Eliana es la primera del lado izquierdo. Olga no esta presente en la foto por motivos de salud.
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.