Elva, 41, is married and has 2 children who are still dependents. She is a member of the communal bank "Las Lomas De San Juan." This group has 10 hardworking members who have shown themselves to be responsible. Elva is the leader of the group, a role that she carries out with responsibility. She now has a business selling food which she delivers to her customers. With the last loan, she was able to set up her business. This loan will be used to buy supplies, such as rice, sugar, noodles, milk, and other products. Elva wants to start up a restaurant, because this way she is sure that she would have greater earnings. The communal bank "Las Lomas De San Juan" is grateful for the loan that is being provided to them, and they promise to continue to work hard. In the picture, Elva is the third from the left in the back, wearing the striped sweater.
Elva de 41 años es casada y tiene 02 hijos aún dependientes, ella es integrante del grupo “Las Lomas De San Juan” conformada por 10 socios empeñosos que han demostrado ser responsables. Elva es la que preside al grupo, cargo que ha llevado con responsabilidad. Actualmente se dedica a la venta de comidas, la cual lo realiza a repartos. Con el crédito anterior pudo implementar su negocio. Su reciente crédito lo destinará para la compra de insumos como arroz, azúcar, fideos, leche, entre otros productos. El deseo de Elva es de poner su restaurante, pues así asegura ella tendrá mayores ganancias. El grupo “Las Lomas De San Juan” agradecen el crédito brindado y se comprometen a seguir trabajando bien. Elva se encuentra en la parte posterior es la tercera del lado izquierdo y chompa a rayas.
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.