Good afternoon. Felicita is a member of the “Virgen De Guadalupe” community bank. It is a responsible and hardworking group, dedicated to different business activities. It is made up of 9 people. Felicita started out selling candies and over time and by using her savings well, she was able to start her business selling street food such as kebabs, chicken, chicken wings, etc. She is happy because thanks to her hard work she has been able to improve her home. Her biggest wish is to open a store where she can offer basic necessity products and thus improve her income. The loan she is asking for will be used to buy ingredients such as chicken, potatoes, vegetables, as well as cutlery. The group is grateful for the loan that has been offered and committed to continuing to work well. Felicita is standing first from the left and is wearing a flowered blouse and beige pants.
Buenas tardes. Felicitas es socia de la Alcancía Comunal “Virgen De Guadalupe” un grupo responsable y trabajadores, dedicados a distintas actividades comerciales, la cual está integrada por 09 personas. Felicita comenzó en la venta de golosinas, con el transcurso del tiempo y el buen uso que le dio a sus ingresos puedo emprender su negocio de la venta de comida al paso como anticuchos, pollo, alita, etc. Se siente feliz pues gracias a su esfuerzo a podido mejorar su vivienda. Su mayor deseo es de poner una tienda donde brinde productos de primera necesidad y de esta manera mejore sus ingresos. El crédito que solicito lo destinó para la compra de insumos como pollo, papa, ensaladas y cubiertos. El grupo agradece el crédito brindado y se comprometen a seguir trabajando bien. Felicita se encuentra de pie es la primera del lado izquierdo y viste una blusa floreada y pantalón color beige.
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.