“CORCONA HACIA EL PROGRESO” is a new group. It consists of 7 members who are involved in various activities in retail.
Maria is 50 years old. She is married with 3 independent children. She sells sodas and dried broad bean and fried plantain snacks as an ambulant vendor. Her loan will be invested in the purchase of more products. The group thanks Kiva for the loan they are providing. Maria is the second person standing on the left in the striped red and gray shirt.
“CORCONA HACIA EL PROGRESO” es uno de los nuevos grupos que está conformada por 07 socias quienes se dedica a diversas actividades del comercio minorista. Maria tiene 50 años es conviviente con 03 hijos independientes. Ella se dedica a la venta de frutas gaseosas habas chifles desde muy joven en forma ambulatoria. El crédito lo invertirá en la compra de mas frutas gaseosas habas chifles. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Maria es la segunda persona parada del lado izquierdo viste polo a rayas de color rojo y 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.