Eldupa is 64 years old and has two adult children, each with their own family. She is a member of the “AMIGAS UNIDAS DE VENTANILLA” communal bank, recently formed with five members. Elduapa rents out parking spaces at her home. She has set up a space where she can accommodate 10 cars for her customers. She also sells natural products such as honey, carob syrup, etc. and uses the income to pay her expenses. Elduapa will use the money from this loan to continue investing into her business and buy natural products. She is very excited with this business and wants to grow with it. She is grateful for getting this loan and with her group is thankful to the Kiva lenders. She is wearing a fuchsia polo top.
Elduapa de 64 años es viuda tiene 02 hijos adultos cada uno con sus familias. Ella pertenece al grupo “AMIGAS UNIDAS DE VENTANILLA ” alcancía recién conformada con 05 socias. Elduapa se dedica al negocio del alquiler de cochera, en su casa ha podido acondicionar un espacio grande donde diariamente guarda 10 carros de sus clientes, de otro lado también se dedica a la venta de productos naturales como miel de abeja, algarrobina etc. los ingresos que percibe le permiten solventar sus gastos. Elduapa utilizara este préstamo para seguir invirtiendo en su negocio con la compra de productos naturales, esta muy entusiasmada con este negocio y desea seguir creciendo con el, esta agradecida por recibir este préstamo y a nombre de su grupo quiere agradecer a los inversionistas de KIVA en la foto es la que viste polo color fucsia.
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.