Felicitas is 49 years old, separated, and has three adult children. She is a member of the Virgen de Copacabana group, made up of 13 responsible and enterprising members.
Felicitas works selling groceries. With the goal of improving her store and helping with the household expenses, she is requesting a loan to purchase rice, sugar, and oil. Her greatest wish is to continue working at her store.
The Virgen de Copacabana group is grateful to everyone who made this loan possible. Felicitas is the third from the left, dressed in a black shirt.
Felicitas de 49 años de edad es separada con 03 hijos independientes, actualmente pertenece al grupo “Virgen De Copacabana” conformada por 13 socios responsables y emprendedores. Felicitas se dedica a la venta de abarrotes. Con el fin de mejorar su local y ayudar con los gastos del hogar. Solicitó el crédito para la compra de arroz, azúcar y aceite. Su mayor deseo es de seguir implementando su negocio. El grupo “Virgen De Copacabana” agradece a las personas que hicieron posible éste crédito. Felicitas es la tercera del lado izquierdo, y viste blusa negro.
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.