Gloria, age 46, is a member of the “Madres Unidas” group. The group is comprised of eight dynamic people who struggle every day to get ahead. Gloria is an active member, and she sells basic needs products. She has been involved in this business activity for over four years. Thanks to her effort to improve her house, and with her life partner’s help, she was able to buy the motorcycle that he works with.
This time she requested a loan to buy sugar, milk, rice, and drinks. Continuing with her business is her greatest wish. Gloria is married and has three school age children.
The “Madres Unidas” group is grateful for the loan provided, and they pledge to continue working well. Gloria is seated in the first row on the left, and she is wearing an orange shirt and a brown jacket.
Gloria de 46 años es integrante del grupo “Madres Unidas” conformada por 08 personas dinámicas que luchan cada día por salir adelante. Gloria una socia activa y se dedica a la venta de productos de primera necesidad, la cual viene siguiendo este esta actividad hace más de 04 años. Gracias a su esfuerzo a mejorar su vivienda y con la ayuda de su pareja pudo comprar su moto, la cual lo trabaja él. En esta oportunidad solicitó para la compra de azúcar, leche, arroz y bebidas. Seguir implementado su negocio es su mayor deseo. Gloria es casada y tiene 03 hijos en etapa escolar. El grupo “Madres Unidas” agradece el crédito brindado y se comprometen a seguir trabajando bien. Gloria se encuentra sentada es la primera del lado izquierdo y viste polo naranjado y casaca marón.
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.