The communal bank “Trabajando Unidos” (Working Together) consists of 5 enterprising and responsible members. This is the case of Leonidas, who is 44 years old, married, with 4 children two of whom are school age. Leonidas began by providing basic need items as she started her business. Today she also offers services to make telephone calls. She is happy since every day she continues to improve. The loan she seeks will be used to buy groceries, beverages, and candy. Leonidas' goal is to continue growing her business. The group "Trabajando Unidos" is grateful to the Kiva investors for the help they provide and promise to continue working well. Leonidas is standing, the second person from the right side in a purple shirt.
La Alcancía Comunal “Trabajando Unidos” está conformada por 05 socias emprendedoras y responsables. Este es el caso de Leonidas de 44 años casada con 04 hijos 02 de ellos en etapa escolar. Leonidas comenzó con brindando productos de primera necesidad con mucho pudo implementar su negocio. Actualmente también ofrece servicio de llamadas telefónicas. Se siente feliz pues cada día sigue mejorando. El crédito que solicitó lo destinó para la compra de abarrotes, bebidas y golosinas. El anhelo de Leonidas es de seguir creciendo su negocio. El grupo “Trabajando Unidos” agradece a los inversionistas Kiva por la ayuda brindada y se comprometen a seguir trabajando bien. Ella se encuentra de pie, es la segunda del lado derecho y viste polo color morado.
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.