Luis is 69 years old, married, and has 5 adult children, all of them independent. He belongs to the Triunfadoras de la Ensenada Group, which is composed of 9 members. Luis is dedicated to commerce. Many customers come to his general store where he sells all class of food products. He has various years of experience in this field and his customers are very dependable, visiting his business frequently. The loan he is requesting will be invested in purchasing merchandise for his business. Luis' greatest desire is to expand his general store and stock it with a variety of products in order to obtain a better income. The group is grateful to Kiva investors for this loan. Luis may be seen in the photo seated on the left wearing a lead-colored jacket. The photo of the group was taken in 2 locations, one part in the office and the other in the members' locality.
El Sr Luis de 69 años es casado y tiene 05 hijos mayores de edad todos independientes. El es socio del grupo “TRIUNFADORAS DE LA ENSENADA” grupo conformado por 09 integrantes. El Sr. Luis se dedica al comercio, por muchos atiende su bodega donde vende toda clase de productos comestibles son varios años de experiencia en este rubro por lo mismo su clientela es muy asidua y acuden con frecuencia a su negocio. El préstamo que ha solicitado lo invertirá en la compra de productos para su negocio. Su mayor deseo es ampliar su bodega y surtirla de variados productos para obtener mejores ingresos. El grupo agradece a los inversionistas KIVA por este préstamo. El Sr. Luis se encuentra en la foto de la izquierda está sentado y viste casaca ploma, la foto del grupo se tomo e 2 locaciones una parte en la oficina y otra en su localidad.
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.