This is the new group 'Las Margaritas', made up of 7 self-motivated and enthusiastic female associates. Lidivina is 49 years old and single. Her work is selling groceries such as sugar and noodles. Lidivina's wish is to expand her business, increasing the volume of her products. She requested the loan to buy flour, oil, sugar and noodles. Lidivina is the second one from the right side in the pink polo shirt. The one in the upper left-hand corner is Giuliana, who could not be on time because of work. The Las Margaritas Group is grateful to all the people that facilitated this loan.
Este es el nuevo grupo “Las Margaritas” La cual está constituida por 07 socias emprendedoras y entusiastas. Lidivina de 49 años de edad es soltera. Ella se dedica a la venta de abarrotes como azúcar y fideos. El deseo de Lidivina es ampliar su negocio incrementando el volumen de sus productos. Solicitó el crédito para la compra de harina, aceite, azúcar y fideos. El grupo “Las Margaritas” agradece a todas las personas que facilitaron este crédito. Lidivina es la segunda del lado derecho y viste polo rosado. Giuliana se encuentra en la parte superior a lado izquierdo, la cual no pudo estar a tiempo por motivo de trabajo.
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.