“SI, Si, Si” is a new group made up of 6 members who are very happy to be starting a new stage in their lives. Grace is 50 years old and is married with 2 children. Three years ago she opened a small grocery store in her home and at the same time she is running a line of beauty products. In previous years she looked after the home. This is how she has been able to help her husband with the family expenses.
She will use the loan to buy rice, sugar and drinks. Her main wish is to have a shop.
The group thanks the Kiva lenders for the loan.
Grace is sitting in the middle wearing a grey waistcoat.
“SI, Si, Si” es un nuevo grupo conformada por 06 socios quienes se encuentran muy contentos por iniciar una nueva etapa en sus vidas. Grace tiene 50 años es casada con 02 hijos. Hace 03 años implemento una pequeña bodega en su vivienda y a la vez es líder de una línea de belleza años a atrás se dedicaba a la su hogar. Es de esta manera que ha podido apoyar a su esposo con los gastos familiares. El préstamo lo invertirá en la compra de de arroz, azúcar y bebidas. Su mayor deseo es tener un local comercial. El grupo agradece a los inversionistas KIVA por el préstamo. Grace se encuentra sentada en el medio viste chaleco plomo.
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.