Esfuerzo Vecinal Group is made up of six responsible members engaged in a variety of commercial activities.
One of the women is Sherley, 30. She's single and has two children. Every day for three years Sherley has worked selling clothing for both women and men in a small shop so she can get ahead and have another income. With the fruit of her effort she has managed to improve her home, her children's education, and her business.
She'll invest the loan in buying more clothing to have more income.
Sherley's in the middle of the group, wearing a yellow polo shirt. She signs off with a hug for Kiva. She's grateful for the loan granted because it makes it possible for her to progress.
Un grupo conformado por 6 mujeres responsables a distintas actividades comerciales. Así son las integrantes del grupo comunal. “ESFUERZO VECINAL” una de ellas es la Sra. Sherley de 30 años soltera y con 2 hijos,la Sra. sherley se dedica ya hace 3 años a la venta de ropa tanto para damas como para caballeros en un pequeño local todos los días con el merito de salir adelante y tener un ingreso mas, Con el fruto de su esfuerzo la Sra. sherley ha logrado mejorar su vivienda y también la educación de sus hijos y Seguir mejorando en su negocio. Con el préstamo otorgado lo invertirá en comprar más ropa y así poder tener más ingresos.la Sra. Sherley se encuentra en medio del grupo se le distingue con polo amarillo, A la vez se despide con un abraso a Kiva 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.