The "Los Angeles" group consists of 14 responsible members who are starting their 10th loan cycle. Each one of the members makes a living in various commercial activities. Ana is 42 years old, single and has been a housewife since she was very young. She currently is starting a sandals business and plans to use the loan to purchase sandals. Her biggest dream is for her new project to generate good income. The group thanks Kiva lenders for the loan. Ana is the first one on the left side.
El grupos “LOS ANGELES” conformado por 14 socios responsables en sus cuotas ellos se encuentran pasando el ciclo 10 cada uno de ellos se dedica a diversas actividades del comercio. Ana tiene 42 años es soltera trabaja como ama de casa desde muy joven. En la actualidad iniciara su negocio de sandalias. El préstamo lo invertirá en la compra de sandalias. Su mayor deseo es que su nuevo proyecto de negocio le genere mayores ingresos. El grupo agradece a los inversionistas KIVA por el préstamo. Ana 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.