Cristo Rey De Nicolas De Pierola Group
This Communal Bank has been involved with EDAPROSPO – PROSPERIDAD for one year and eight months. The members are participating in their sixth loan cycle. Their group is so named because they are of the Catholic faith and live in the settlement of Nicolás D. Piérola - Chosica. Their businesses incluD. bakeries, handicrafts, textiles, food sales, clothing, and beauty products.
The entire group meets once a month at the home of one its members in order to collect their payments. The president is in charge of their meetings and makes sure that everything has been completed. Sra. Ana V. M. currently holds this position. She has been raising farm animals from her home for the past 12 years. She breeds guinea pigs, chickens, turkeys, and ducks. She also makes cakes, prepared meals, and buffets for various events. Sra. Ana receives orders regularly, so she is able to generate income to pay for her family expenses and make home repairs. She can proviD. a normal life for her children and not have to be solely dependent on her husband’s income.
Sra. Ana used her first loan to buy vegetable dyes for cakes, pastry molds and kitchenware. These supplies were needed to make quinceaños (15th birthday) cakes. She will use her current loan to buy a new pot and acrylic cake decorations so that she does not have to rent these items. What she needs to buy is a refrigerator because it is a necessity for her business that will help her generate more profits from her future sales.
Esta alcancía comunal participa en EDAPROSPO – PROSPERIDAD hace un año y ocho meses, va en su sexto ciclo D. préstamo, lo denominaron así porque los doce integrantes depositan su fe católica en Cristo y la gran parte D. ellos viven en el asentamiento humano Nicolás D. Piérola - Chosica. El negocio D. ellos es la repostería, manualidades, tejidos, venta D. comida, venta D. ropa, productos D. belleza.
Todo el grupo se reúne mensualmente en la casa D. uno D. los integrantes para efectivizar sus pagos y es la presidenta quien se encarga D. supervisar que esto se cumpla, en este caso la señora Ana V. M. ocupa este cargo, desD. hace doce años se dedica a criar animales D. corral en su casa como son: cuyes, gallinas, pavos, patos; además elabora tortas, prepara comida y bufetes para distintos eventos, ella tiene pedidos con asiduidad. Con ello genera ingresos que contribuye en los gastos familiares, arreglar su vivienda, darles una vida sosegada a sus hijos, no depender solo del dinero D. su esposo.
Ana compró tintes vegetales para tortas, moldes D. repostería y menajes con el primer crédito que recibió, pues era lo que necesitaba para la elaboración D. una torta D. quinceaños.
Con el préstamo reciente comprará una olla nueva, adornos acrílicos para tortas; así no tendrá la necesidad D. seguir alquilando estos implementos. Lo que ella necesita es comprar una refrigeradora ya que es una herramienta esencial en su negocio lo hará más adelante con las ganancias que obtenga D. sus ventas.
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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