Solidaridad De Jicamarca Group
The group consists of eight individuals, mostly women, each of whom brings a personal history of effort and improvement in course of their lives. One of the members is Eugenia Y., age 51, who lives with her partner and has a son who is already grown. For more than three years, Eugenia has been running a small convenience store where she also sells school supplies; occasionally she also makes hand-woven items to order.
Eugenia started in this business because in her neighborhood there were not that many convenience stores. Thanks to the effort she has put into her work, she has been able to add a second floor to her house and with time achieved a better quality of life.
Eugenia plans to invest this loan into the purchase of school supplies inventory for her business. In the future, she would like to expand the store and increase her earnings so that she could provide more economic resources for her family.
Una alcancía con muchos deseos de superación y ganas por salir adelante, así se caracteriza la alcancía comunal Solidaridad De Jicamarca, el cual lleva ese nombre ya que, así se llama el lugar donde viven los integrantes del grupo. Esta alcancía está conformada por siete integrantes en su mayoría mujeres, cada integrante con una historia de vida y de superación personal a lo largo de sus vidas. Una integrante en particular es la señora Eugenia Y. de 51 años de edad conviviente y madre de un hijo que ya es mayor de edad, ella se dedica hace más de tres años al negocio de su bodega que a su vez también vende útiles escolares en el mismo local. Y eventualmente realiza tejidos a pedido. Comienza en este negocio a raíz, que por donde vive no hay muchas bodegas en donde comprar. Con el esfuerzo de su trabajo a podido construir el segundo piso de su casa y con el pasar del tiempo darse una mejor calidad de vida. El reciente préstamo lo invertirá en la compra de útiles escolares para la venta y en el futuro le gustaría ampliar su bodega y así poder generar más ingresos económicos para ella y su familia.
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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