The new group "Mujeres Para Un Futuro Mejor" is comprised of five members who are excited to start working. This is the case for Elsa, 39, who is married with three children, two of whom are dependents. With hopes of improving and being motivated by her husband, Elsa opened her food stall, which she has been developing for three years. With perseverance and effort, she has improved her home.
This loan will be used to buy products such as rice, sugar, noodles, and soup. Her next goal is improving her business. The new group "Mujeres Para Un Futuro Mejor" is grateful for the help. Elsa is in the back row, first one on the left and is wearing a sweater.
Este es el nuevo grupo “Mujeres Para Un Futuro Mejor” conformada por 05 socias entusiastas de comenzar a trabajar. Este el caso de Elsa de 39 años de edad casada con 03 hijos 02 de ellos aún dependiente. Con los deseos de superarse y motivada por su pareja Elsa apertura su puesto de venta de comida, la cual se viene desempeñando hace mas 03 años. Con perseverancia y esfuerzo ha mejorado su vivienda. El crédito solicitado lo destinará para la compra de insumos como arroz, azúcar, fideos y menestras. Mejorar su negocio es su siguiente meta. El nuevo grupo “Mujeres Para Un Futuro Mejor” está agradecido por la ayuda brindada. Elsa se encuentra en la parte posterior es la primera del lado izquierdo y viste chompa ploma.
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.