The group "Lazos Unidos y Rumbos Distintos" is made up of five members, who are glad to be at their fifth cycle. Sonia is a 36-year old single woman and mother of two school-age children. She is the president of the group, has had her own grocery store in her house for over a year, and has been a salesperson for six years.
She will use the loan to buy rice, sugar, drinks and candy. Her biggest dream is to expand her store with all the first-necessity products. The group is grateful to Kiva lenders for the loan provided.
Sonia appears right in the middle of the photo and wears a black jacket.
El grupo “LAZOS UNIDOS Y RUMBOS DISTINTOS” se encuentra conformada por 05 socios quienes se encuentran contentos por estar pasando el 05 ciclo. Sonia tiene 36 años es soltera con 02 hijos educando. En el grupo cumple la función de presidenta. Sonia hace más de un año que implemento su bodega en su vivienda y a la vez se dedica a ser promotora hace 06 años. El préstamo lo invertirá en la compra de arroz, azúcar, bebidas y golosinas. Su mayor deseo es ampliar su bodega con todos los productos de primera necesidad. El grupo agradece a los inversionistas KIVA por el préstamo. Sonia se encuentra en medio viste saco negro.
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.