Salome is 65 years old and has been a widow for some 14 years. She has 10 children, all of whom are independent. Being a member of the "Uniting Forces" Group has helped Salome with her business of selling local dishes -- 'maize porridge' and 'repeated again chicken" -- in the streets. At the same time, she has also worked at laundering clothes for some 8 years.
The loan she requests will be invested in purchasing cups and disposable spoons. Salome's greatest desire is to build her house, including a room to be rented out. In this manner, she will be able to obtain a fixed income.
The Group thanks Kiva investors for offering loans to members. In the photo, Salome is the 1st person shown on the left side.
Salome tiene 65 años es viuda hace 14 años tiene 10 hijos independientes. Ser socia del grupo “UNIENDO FUERZAS” le ha ayudado a iniciar su negocio de mazamorra y tripita de pollo en forma ambulatoriamente. A la vez se dedica al lavado de ropa hace 8 años. El préstamo lo invertirá en la compra de vasos y cucharitas descartable. Su mayor deseo es construir su casa con cuarto para poder alquilarlo de esa manera podrá obtener un ingreso fijo. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Salome es la primera persona parada en 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.