"The Violets and Sunflower" group comprises enthusiastic members who work day-to-day at improving the quality of lives of their families. Sabina, 57, is married and has 6 independent children. She's been selling fruit and sweets, by foot, for many years. Her desire is to acquire a stand where she can sell her products. She is requesting a loan to invest in more fruit and sweets. The group wants to thank the KIVA investors for their support. Sabina is the first on the right, wearing a black shirt.
“LAS VIOLETAS Y EL GIRASOL” está conformada por socios entusiastas que trabajan día a día para mejorar la calidad de vida de sus familias. Sabina tiene 57 años de edad es casada con 06 hijos independientes. Ella se dedica a la venta ambulatoria de frutas y confitería hace muchos años. Su mayor deseo es adquirir un stand donde puede expender sus productos. El crédito lo invertirá en la compra de más frutas y confitería. El grupo agradece a los inversionistas KIVA por el crédito brindado. Sabina es primera del lado derecho viste polo 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.