“VIRGEN DE CHAPI DE YANAMAQUI” is a new group made up of 7 members who want to improve their quality of life. Alberto is 35 years old. Right now, he is a construction foreman. He started as a bricklayer's assistant. He is happy with what he has accomplished in his personal life. He will invest the loan in buying construction tools: a set level, a trowel, a notched trowel, and a level. His biggest wish is to keep training in construction to give their customers good service. The group thanks the Kiva investors for the loan. Alberto is seated in the middle wearing a white shirt.
“VIRGEN DE CHAPI DE YANAMAQUI” es un nuevo grupo conformada por 07 socios con ganas de mejorar su calidad de vida. Alberto tiene 35 años es divorciado. Actualmente es maestro de construcción. Se inicio como ayudante albañil se siente contento por los logros que ha obtenido en su vida personal. El préstamo lo invertirá en la compra de herramientas de construcción: escuadra, palustre, llana dentada, nivel. Su mayor deseo es seguir capacitándose en construcción para dar buenos servicios a sus clientes. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Alberto ese encuentra sentado en el medio viste camisa blanca.
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.