The group “Dios Es Amor” (“God is love”) have recurring loans. Each one of its members dedicate themselves to diverse activities within the retail sector.
Victoria is 52 years old and married. She makes a living by selling groceries in La Arenera Market in Huaycan. Her greatest wish is to buy a piece of land for her children. The group is grateful to Kiva investors. Victoria is the tallest member of the group and is wearing a green polo shirt in the photo.
El grupo “DIOS ES AMOR” es un recurrentes cada una de sus integrantes de dedica a actividades diversas del comercio minorista. Victoria tiene 52 años casada dedicada a la venta de abarrotes en el mercado La Arenera de huaycan. Su mayor deseo es comprar un terreno para sus hijos. El grupo agradece a los inversionistas KIVA. Victoria es la más alta del grupo viste con polo verde
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.