Caminando Juntos Group
She has been working with Kiva partner EDAPROSPO – Prosperidad for several years, and holds the office of president of the “Caminando Juntos” communal bank. This group is maD. up of 11 members who make a living as street vendors selling different foods such as cakes, mazamorras [a corn pudding dish], candied peanuts, and breakfasts (consisting of maca [an Andean root vegetable] and quinoa).
For 6 years now Sabina has maD. a living selling food from a stand outsiD. a textile factory. The journey from her home to her stand takes between 50 and 60 minutes, and she brings approximately 40 to 50 prepared meals with her. She sometimes has help from her daughter, but at other times she carries all of the weight herself.
Sabina and the other members of her group will use this loan of 400.00 soles to invest in the purchase of new pots for selling their foods; the pots that they currently use are small and do not hold enough for all of their customers.
Sabina’s wish is to set up a grocery store in her home, since she is tired of going out to sell meals every day so far from her home.
Viene trabajando con EDAPROSPO – Prosperidad desD. hace unos días, asume el cargo D. presidenta D. L. alcancía comunal” Caminado Juntos” L. cual esta conformado por 11 socios quienes se dedican a diversas actividades como: venta D. pasteles, venta D. mazamorras, venta D. maní confitado, venta D. desayunos (maca y quinua) en forma ambulante.
Sabina se dedica a L. venta D. comida ambulatoria en las afueras D. una fábrica textil desD. hace 6años, el trayecto para llegar a su punto D. venta dura entre 50 a 60 minutos y lleva aprox. D. 40 a 50 menús diarios, para L. cual algunas veces cuenta con el apoyo D. su hija pero otras veces elL. carga con todo el peso.
Con el préstamo D. S/. 400.00 Nuevos Soles lo invertirá en L. compra D. nuevas ollas para L. venta D. su comida, ya que las ollas que utilizan son pequeñas y no abastecen para todos sus clientes.
El anhelo D. Sabina es poder llegar a poner una bodega en su casa ya que esta cansada D. salir a vender todos los días lejos D. su hogar.
About EDAPROSPOEDAPROSPO 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.
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