George is 21 years old, single and has one child. For the past two years he has worked as a clothing mender. He sews clothing and backpacks in a small rented store, and he hopes to make progress day by day and get ahead. George has learned how to win customers and thereby improve his quality of life. He has requested the loan to buy fabric.
Both George and all the members of the group are grateful to Kiva for the loan and for the faith that has been shown in them. In the photo, George is standing and is the only male. He sends regards and promises that he will meet all of his proposed goals.
George de 21 Años de edad soltero y con 1 hijo, George se dedica hace 2 años al servicio de costura remalle George confecciona prendas de vestir, mochilas, en un pequeño local (alquilado) con el fin de progresar día a día y salir adelante, George ha sabido ganarse a los clientes y así poder mejorar su calidad de vida. George solicito el préstamo para comprar (telas) la vez George y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. George está parado es el único caballero, Se despide Dejando la promesa que cumplirá todas sus metas propuestas.
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.