Greetings from Perú!!! With you is the “Luchadoras de Yanacoto” group (The Fighters of Yanacoto) the majority of the members are neighbors to the area. This is their second loan cycle and the group is made up of 8 responsible members. Soledad is the head of the group; it is an obligation that she takes with great responsibility. In the past, Soledad was a housekeeper and with that job she put to good use her earnings and bought a motorcycle taxi and now provides a transportation service. This job has allowed her to help support her husband with the household expenses and their children's education. Her biggest wish is to finish building her home and hopes to open a small grocery store which will generate more income. At present, she needs a loan to pay the tuition of her eldest daughter. Soledad is 31 years old, married and has 3 dependent children. The “Luchadoras de Yanacoto” are grateful to the Kiva lenders for your support in their progress. In the picture, Soledad is in the back, she is second from the left wearing a grey t-shirt.
Saludos desde Perú!!! Con ustedes el grupo “Luchadoras De Yanacoto” la gran mayoría de ellos vecinos de la zona la cual pasan a su 2 ciclo conformado por 08 socios responsables. Soledad es la que preside al grupo, cargo que ha llevado con responsabilidad. Anteriormente Soledad brindaba servicios doméstico, con los trabajos que realizo y buen uso que le dio a sus ingresos pudo comprarse una mototaxi donde actualmente brinda servicio de transporte. Este trabajo le ha permitido apoyar a su esposo con los gastos del hogar y apoyar a sus hijos en sus estudios. Su mayor deseo es de terminar de construir su vivienda, pues piensa poner una bodega, la cual le generaría mayores ganancias. En esta oportunidad solicito el crédito para la matricula de la academia de su mayor hija. Soledad tiene 31 años casada con 03 hijos dependientes. El grupo “Luchadoras De Yanacoto” agradecen a los prestamistas Kiva por apoyar en su progreso. Soledad está ubicada en la parte posterior es la segunda del lado izquierdo viste polo 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.