The "Las Amigas Del 22" group is made up of seven responsible women who have distinct businesses. One of the members is Yngrid, who is 33, single, and has two children. She has sold beauty products every day for three years in a small store with the goal of getting ahead and being able to pay for her children's education. Through her hard work, Yngrid has been able to improve her home and support her children in their education. She continues to improve her business. Her greatest desire is for her children to become professionals; this is why she works so much.
She will invest this loan in the purchase of cosmetics in order to have a greater income.
Yngrid is pictured sitting in the middle wearing a blue sweater. She says goodbye and sends a hug to Kiva and Edaprospo. She is grateful for this support, as it is making it possible for her to progress.
Un grupo conformado por 7 mujeres responsables a distintas actividades comerciales. Así son las integrantes del grupo comunal. “LAS AMIGAS DEL 22” una de ellas es la Sra. YNGRID de 33 años soltera y con 2 hijos, la Sra. Yngrid se dedica ya hace 3 años a la venta de productos de belleza en un pequeño local todos los días con el merito de salir adelante y así poder pagar el colegio de sus hijos, Con el fruto de su esfuerzo la Sra. yngrid ha logrado mejorar su vivienda y apoyar en la educación de sus hijos. Seguir mejorando su negocio, su mayor deseo es que sus hijos sean profesionales es por eso que la Sra. Yngrid trabaja mucho , Con el préstamo otorgado lo invertirá en comprar más cosméticos de belleza y así poder tener más ingresos. A la vez a la Sra. Yngrid se encuentra sentada en el medio y se le distingue con chompa azul, se despide con un abraso a Kiva y Edaprospo y agradece el crédito brindado ya que hace posible su progreso.
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.