The group “El Sol De Cupiche” (Cupiche's Sun) is made up of 8 dedicated and responsible members who are on their ninth cycle. This is the case for Juana who is a 53-year-old hardworking woman with three kids. She continues to support one of her children. She works in the sale of candies outside a school. Her best clients are the students from the school. With her effort, Juana has been able to improve her livelihood and support two of her grandchildren.
She purchased candies and beverages with her last loan. Her biggest dream is to have a storefront in her home where she can offer products of basic necessity. Juana, along with the group “El Sol De Cupiche”, thanks the Kiva lenders for their help. Juana is seated and is the first woman on the left side of the picture. She is wearing a floral blouse.
El grupo “El Sol De Cupiche” conformada por 08 socios comprometidos y responsables que pasan a su noveno ciclo. Este es el caso de Juana una mujer emprendedora de 53 años casada, con 03 hijos la cual sigue apoyando a uno de ellos. Ella se dedica a la venta de golosinas en las afueras de un colegio, siendo sus mayores clientes alumnos del colegio. Con el fruto de su esfuerzo Juana ha podido mejorar su vivienda y actualmente apoya a dos de sus nietos. Su último crédito lo destinó para la compra de golosinas y bebidas. Su mayor deseo es de tener un puesto en su vivienda donde pueda ofrecer productos de primera necesidad. Juana junto al grupo “El Sol De Cupiche” agradece a los prestamistas Kiva por la ayuda brindada. Juana se encuentra sentada y es la primera del lado izquierdo, viste blusa marón floreada.
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.