This is the Señor Cautivo De Ayabaca Group. It is made up of nine hard-working female members, who over time have been improving their lives through their businesses. One of the members is Lucia. She is married with eight children. Two of her children are still in school. At 58 years of age, Lucia has managed to fulfil some of her dreams, such as improving her home and helping her children with their studies.
For more than five years Lucia has made a living by selling soft maize-based food. She sells this from outside her home. She will use the loan to buy supplies, such as sugar, milk, and rice. Her greatest wish is to set up a space where she can offer her products and thereby give her diners better attention.
The group is grateful to Kiva investors for their help. Lucia is the third from the right; she is wearing a black jacket and a fuchsia-coloured turtleneck top. Miriam could not be present for reasons pertaining to her job.
Este es el grupo “Señor Cautivo De Ayabaca” conformada por 09 socias trabajadoras que el transcurso del tiempo han ido mejorando a través de sus negocios. Ella es Lucia una de las integrantes, casada con 08 hijos, 02 de ellos en etapa escolar. A sus 58 años Lucia a llegado a cumplir con algunos de sus sueños como mejorar su vivienda y apoyar a sus hijos en sus estudios. Hace más de 05 años que se dedica a la venta de mazamorras, la cual realiza en las afueras de su hogar. Su reciente crédito lo destinará para la compra de insumos como azúcar, leche y arroz. Su mayor deseo es de habilitar un espacio donde puedo ofrecer sus productos y de esta manera brindarles una mejor atención a sus comensales. El grupo agradece a los inversionistas Kiva por la ayuda brindada. Lucia es la tercera del lado derecho, viste chompa negra y cafarena color fucsia. Miriam con pudo estar presente por motivo de trabajo.
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.