This is the new “Adelante Cocachacra” group, made up of six members who are enthusiastic about starting to work. Most of them live in the zone. Geny is 41 years old, is separated and has a son. She sells snacks, drinks, and fruit on the school grounds. Her customers are students and teachers. Geny is an enterprising woman and this shows by the improvements she has been able to make to her home. She wants to set up a shop because this will help her have greater earnings. She is asking for this loan so that she can continue investing in her business and buy snacks and drinks for her kiosk. The new “Adelante Cocachacra” group is grateful to those who made this loan possible because it helps them to move ahead. Geny is the third person on the right, wearing a flowered blouse and grey pants.
Este es el nuevo grupo “Adelante Cocachacra” conformado por 06 socios entusiastas de comenzar a trabajar, la gran mayoría de ello vecinos de la zona. Geny de 41 años es separada y tiene 01 hijo. Ella se dedica a la venta de golosinas, bebidas y frutas, dentro de un colegio. Siendo sus clientes alumnos y maestros del mismo. Geny es una mujer emprendedora muestra de ello es que ha mejorado su vivienda. Posteriormente piensa poner una bodega, pues así asegura ella tendrá mayores ganancias. Solicitó el crédito para seguir invirtiendo en su negocio la cual comprará golosinas y bebidas para su kiosco. El nuevo grupo “Adelante Cocachacra” agradecen a las personas que hicieron posible este crédito ya que le permite su progreso. Geny es la tercera del lado derecho, viste blusa floreada y pantalón plomo.
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.