Barbara is married and she has 3 children. She is a member of the communal bank named “Enterprising Women". It is a group of 8 members who have various business types. Barbara has been in business for 8 years, selling dress clothes at a rented shop she has with a partner. This business came to be because her husband earned minimum wage and they were not able to cover the basic expenses and so Barbara partnered with a friend and they established a small business. She said that it was not at all easy and she had to work hard, knocking on doors to sell her dress clothing. She finally managed to save some money and she set up a shop with her partner. Thanks to her effort and dedication she has managed to secure a better income. Her children go to a private school, she has 4 sewing machines for her business, but above all, her family has a better quality of life. Barbara says that she is now saving to purchase an industrial sewing machine. The loan that she was granted will be used to purchase merchandise (fabrics, thread, etc.). We know that Barbara will meet her goals with a great deal of work and effort and that the loans granted to her by Edaprospo (Kiva Field Partner) will help her.
La Sra. Barbara es casada, tiene 3 hijos, actualmente es integrante en la alcancía comunal “Mujeres Emprendedoras” grupo conformado por 8 socios que se dedican a diversas actividades D. comercio. Barbara trabaja desD. hace 8 años en la venta y confección D. pantalones D. vestir en un taller alquilado junto con una socia, este trabajo surge a raíz D. que su esposo ganaba sueldo minimo y no podían cubrir sus gastos primordiales y es así que barbara se asocia con una amiga y pusieron su pequeña empresa nos cuenta que nada fue fácil trabajo my duro tocaba puertas y asi vendia sus pantalones hasta que ahorro un dinero y empezó en un taller junto a su socia, gracias a su esfuerzo y dedicación ha logrado mejores ingresos económicos , sus hijos van a colegios privado, tiene 4 maquinas propias para su negocio, y sobre todo su familia tiene una mejor calidad D. vida. Barbara nos cuenta que ahora esta ahorrando para comprarse una maquina industrial. El prestamo que se le otorgo fue para comprar mercaderia (telas, hilo, etc). Sabemos que Barbara cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos D. Edaprospo le ayudaran.
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.