This is the Group "Sin Fronteras" [Without Borders] made up of six hard working members who dedicate themselves to different businesses - one of these members is Isabel. She is single and sells groceries from her stall at a market in her area. In her business she has all kinds of products such as rice, sugar, dried vegetable and also cleaning products. Isabel works from Monday to Friday for approximately 10 hours a day and thanks to her work she has been able to become financially independent and can help her parents who live with her. She will use the money from her loan to buy products for her business, principally dried vegetables and olive oil. Isabel's dream is to expand her business and become a wholesaler.
Isabel appears in the photo with the white top and fuschia collar.
Este es el Grupo “Sin Fronteras” lo conforman 06 socias trabajadoras que se dedican a diferentes comercios, una de sus miembros es Isabel. Ella es soltera y se dedica a la venta de abarrotes, tiene un puesto en un mercado de su zona, en su negocio tiene todo tipo de productos como arroz, azúcar, menestras y también productos de limpieza. Isabel trabaja de lunes a viernes aproximadamente 10 horas, gracias a su trabajo ha logrado independencia económica y poder ayudar a sus padres quienes viven con ella. El dinero de su préstamo lo invertirá en la compra de productos para su negocio, sobretodo menestras y aceite. El sueño de Isabel es ampliar su negocio y convertirse en mayorista.
Isabel aparece en la foto con polo blanco con cuello color fucsia.
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.