The group ”SAN MARTIN” consists of 7 hardworking members who find themselves content in their second loan cycle. Lucila is 55 years old, single, with a son in school. Lucila sells food from a food cart on San Bartolomé. With this income she has been able to pay her youngest son's education expenses. In her free time she sells beauty products. The loan will be used to purchase a new gas kitchen stove. Her greatest wish is to open a restaurant. The group appreciates the KIVA investors in their loan. Lucila is the first person on the right side of the photo.
El grupo” SAN MARTIN” está conformado por 7 socios trabajadoras quienes se encuentran contentos por estar pasando el segundo ciclo. Lucila tiene 55 años es soltera con un hijo aun educando. Lucila se dedica a la venta de comida en forma ambulatoria en paradero de San Bartolomé hace varios de esta manera a podido solventar los gastos de la educación de su menor hijo. En sus tiempos libres vende productos de belleza. El préstamo lo invertirá en la compra de una nueva cocina a gas. Su mayor deseo es implementar su restaurant. El grupo agradece a los inversionistas KIVA por el préstamo. Lucila es la primera del lado derecho
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.