El Progreso del Vallecito Group is made up of six hardworking members who are responsible with their group loan payments. They're happy to be in their sixth loan cycle.
Ana, 37, is the president of the group. She has a live-in partner and four dependent children.
Ana has a small grocery store that she set up in her home four years ago where she sells basic staples: rice, sugar, and beverages. She also works distributing products from the central highlands such as cheese, milk, quinoa, and maca [a native Andean root vegetable]. This way she helps her husband, a taxi driver, with the expenses and their children's education.
She'll invest the loan in buying rice, sugar, and oil. Her greatest wish es to finish the construction of her house and to give a better quality of life to her family.
The group is grateful to the Kiva lenders for this loan. Ana's the third person from the right; she's wearing beige pants and a black jacket.
El grupo “EL PROGRESO DEL VALLECITO” está conformado por 6 socios trabajadoras y responsables en las cuotas grupales. Quienes se sienten contentos por encontrarse pasando el sexto ciclo. Ana es presidenta del grupos tiene 37 años es conviviente con 4 hijos dependientes. Cuenta con una bodega que implemento en su vivienda hace 4 años en donde ofrecer productos de primera necesidad: arroz azúcar y bebidas a la vez se dedica a distribuir productos de la sierra del centro como queso leche, queso, quinua y maca. De esta manera ayuda a su esposo con los gastos y educación de sus hijos quien se dedica a brindar servicios de taxi. El préstamo lo invertirá en la compra de arroz, azúcar, aceite. Su mayor deseo es terminar de construir su casa y darles una mejor calidad de vida a su familia . El grupo agradece a los inversionistas KIVA por el préstamo brindado. Ana es la tercera persona del lado derecho viste casa negra y buzo beige.
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.