Celina is 53 years old and is a single mother of 3 children. She has been running a market stall for the last three years. Celinda has won loyal customers, and has generated profits that she uses to cover household expenses. In the future, she would like to have her own premises from which she can sell her merchandise and increase her profits. She plans to spend the loan on buying more products (backpacks, colognes, picture frames etc.) for her market stall and to continue satisfying the needs of her customers so that she can get ahead. Celinda and all the members of the group are grateful to Kiva for the loan and for the trust that the lenders have invested in them. Celinda is the first on the right of the photo, wearing a purple jacket. She promises that she she will fulfill all of the goals she has set for herself.
La Sra. Celinda de 53 años de edad soltera y madre de 3 hijos, la Sra. celinda tiene un pequeño bazar ya hace unos 3 años. La Sra. Celinda, ha llegado a fidelizar a sus clientes el cual le ha generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un local propio donde poder vender sus productos y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en comprar más productos (mochilas, colonias, porta retratos etc.) Para su bazar y así seguir satisfaciendo las necesidades de sus clientes y así poder salir adelante. A la vez la Sra. celinda y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. La Sra. Celinda es la primera de la mano derecha se le distingue por su casaca de color purpura, Se despide Dejando la promesa que cumplirá todas sus metas propuestas.
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.