Walter is twenty-eight years old, married, and belongs to the group Creciendo Juntos [Growing Together]. He makes a living providing transport to people in his car, from Monday to Saturday. He likes his job because his work schedule permits him to work in other types of service.
He requested the loan for maintenance and the purchase of parts for his vehicle. He feels grateful to Kiva investors for the help they provide. He sends greetings, blessings, and thanks for the trust. Walter is pictured at the center of the photo, and the attached photo is of group member Maria Elena who was unavailable when the first photo was taken.
Walter es un joven de 28 años de edad, casado y pertenece al grupo Creciendo Juntos, se dedica a hacer movilidad de personas en su auto de lunes a sábado, le gusta su trabajo porque tiene horarios adecuados que le permiten también hacer otro tipo de servicio, solicito el préstamo para hacer el mantenimiento en la compra de repuestos para su vehículo y se siente agradecido con los inversionistas de KIVA por la ayuda que le brindan. Envía saludos, bendiciones y agradece la confianza. Walter se encuentra sentado al centro de la fotografía, en la foto adjunta se puede observar a la Sra. María Elena.
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.