Jhoselyn is 21 years old and single. She has her own business that she decided to begin one year ago on her grandmother’s prompting, who recommended that she invest the money she had saved up. Jhoselyn is a member of the YAHVE YIRE group and she serves as the secretary. Her greatest desire is to have a larger store with all the merchandise she needs to satisfy all of her customers’ needs. She will use the money from this loan to buy rice, sugar, cooking oil, etc. The group is grateful to the Kiva lenders for the loan. Jhoselyn is the first person on the right. Jose Luis was not at the meeting due to health reasons.
Jhoselyn tiene 21 años es soltera actualmente cuenta con un negocio propio que decidió emprender hace 1 año y medio porque tuvo como motivación a su abuela que la aconsejo que invirtiera su dinero que tenia ahorrado. Jhoselyn es socia del grupo “YAHVE YIRE” y cumple la función de secretaria. Su mayor deseo es tener una bodega más grande y con todos los productos en su bodega para satisfacer una de las necesidades primarias de sus clientes. El préstamo lo invertirá en la compra de arroz. Azúcar, aceite, etc. El grupo agradece a los inversionistas KIVA por el préstamo. Jhoselyn es la primera persona que está parada en el lado derecho y de la misma manera el señor Jose Luis no estuvo en la reunión 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.