Matilde, 58, is a new member of the Las Gardenias community bank. She has nine children, two of whom still depend on her: a daughter, 23, who is a student of economics at the Universidad Mayor de San Marcos and a son, 16, who is still in high school. Matilde is responsible for supporting the children and paying the family's other expenses because her husband abandoned the family several years ago. She is an amazing mother who has managed to raise her children while working hard to support them. Matilde operates a business selling fresh vegetables and grains, along with other produce. She buys the products herself from a farm in the country and brings them to her town for sale. She is applying for a loan so that she can buy potatoes, cheese, beans and meat that she will resell. Matilde would like to open a store in her house one day, a step that would ensure her future. There are 9 members of the community bank in the photograph, one of whom brought her little daughter. Sr. V. P. Edgardo Humberto wasn't able to attend the session, taken when she funds were distributed, because he had to work.
Matilde es una nueva socia de la Alcancía Comunal “Las Gardenias” tiene 58 años de edad y nueve hijos, de los cuales 2 aun dependen de ella, su hija de 23 años de edad estudia economía en la Universidad Mayor de San Marcos y su hijo de 16 años aun está en la secundaria. Matilde se encarga de cubrir todos los gastos de sus hijos y los gastos de la casa ya que su esposo se encuentra desaparecido hace muchos años, es una madre ejemplar ya que con mucho esfuerzo y trabajo pudo criar a sus hijos y aun sigue trabajando, ella se dedica a la ventas de verduras y cereales frescos y algunos tubérculos, Matilde se encarga personalmente de traerlos de la chacra (sierra central). Ella solicitó el préstamo para comprar papa, queso, choclo, olluco, arvejas y carne. Matilde sueña con tener una bodega en su casa y de esta manera asegurar su futuro. En la fotografía podemos apreciar a 9 socios del grupo en el momento de su respectivo desembolso y una de las socias acompañada de su niña. El señor V. P. Edgardo Humberto no pudo asistir al desembolso por motivos de trabajo.
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.