This is the new group "Sol De Cultura y Progreso", made up of five members who work in different businesses. Nelly, one of the members, works selling basic goods. In her free time, she makes and sells tortillas, earning an extra income for her home. She is happy, since thanks to her perseverance, she can keep providing better quality for her family. She is asking for the loan to buy groceries, soft drinks, and candies, and this way, supply her small store. Nelly's wish is to buy a car, which will help her to transport her merchandise to her store. Nelly is separated and has four children, three of whom are still dependent on her. The new group "Sol De Cultura y Progreso" is grateful for the opportunity and the support provided. Nelly is the second person on the right side, wearing a purple jacket.
Este es el nuevo grupo “Sol De Cultura y Progreso” conformada por 05 socios dedicados a distintas actividades de comercio. Nelly una de las socias se dedica a la venta de productos de primera necesidad, en sus tiempos libres a la preparación y venta de tortas; obteniendo un ingreso extra para su hogar. Se siente feliz pues gracia a su perseverancia puede seguir brindándole una mejor calidad a su familia. Solicitó el crédito para la compra de abarrotes, bebidas, golosinas y de esta manera surtir su bodega. El anhelo de Nelly es de comprarse un carro, la cual le facilite transportar su mercadería de su bodega. Nelly es separada y tiene 04 hijos 03 de ellos aún dependientes. El nuevo grupo “Sol De Cultura y Progreso” agradecen la oportunidad y el apoyo brindado. Nelly es la segunda del lado derecho y viste casaca color morado.
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.