Isidora is 64 years old and she has been part of the "Las Triunfadoras de Huampani" group for over a year. For many years she has run a store in her home where she sells candies, cakes and puddings. She also washes clothes and provides laundry services for her customers. Although she doesn't have children to care for, Isidora works so that she feels useful and to earn money for any expenses that she has.
She will use this loan to buy candies and a display counter to showcase her merchandise. Her goal is to grow her business and to be able to make home improvements. The group is thankful to the Kiva lenders for the loans they provide. Isidora is the second person from the left in the photo.
Isidora tiene 64 años soltera es socia del grupo “LAS TRIUNFADORAS DE HUAMPANI” más de un año. Hace varios años implemento una tienda de golosinas, kekes, pudines, en su vivienda a la vez se presta servicios de lavado de ropa. Aunque no tiene hijos a su cargo. Isidora trabaja para sentirse útil y generar sus propios ingresos que le ayudan para asumir gastos que necesita. El préstamo lo invertirá en la compra de golosinas y un mostrador para exhibir su mercadería. Su meta es hacer crecer su negocio y poder mejorar su vivienda. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Isidora es la segunda persona 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.