Entrepreneurial and with vision, those are the characteristics of the community bank "On the Way to Success" formed more than eight months ago by eight members. A group with lots in common, such as the wish for improvement and with a particular story for each member, such as Bonifacia A., 43, married with three children, she sells jewelery and with her efforts, she has been able to provide a better education to her kids and help with the family expenses because she now has more income. One of her goals is to open a jewelry store. With the loan she will buy materials to make more jewelry. In the future, she would like to expand her business with a chain of jewelry stores and have more income for her and her family.
Un grupo emprendedor y con una gran visión D. futuro, así se caracteriza la alcancía comunal Camino al Éxito integrada por 8 miembros hace más de 8 meses. Un grupo con mucho en común como el deseo de superación y con una historia en particular de cada integrante, tal es así el caso de la señora Bonifacia A. de 43 años de edad casada y con tres hijos. Ella se dedica diariamente a la venta de Bisutería, con el esfuerzo de su trabajo ha logrado darles una mejor educación a sus hijos y ayudar con los gastos en el hogar, ya que ahora tiene mayores ingresos económicos. Una de sus grandes metas es inaugurar su propio Bazar de Bisutería. Con el reciente préstamo lo invertirá para comprar más material para la elaboración de la Bisutería. En el futuro le gustaría ampliar su negocio con una cadena de Bazares, para a si obtener mayores ingresos para ella y su familia.
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.