“Unidos por el triunfo” (United for Victory) is a communal bank maD. up of eight hard working and responsible members, each having her own small business. Clara has enjoyed generating her own income even though she can count on her husband’s backing. She began selling food outsiD. her house with her children’s help. She later had to change the model because it didn’t leave her much time to spend with her children. Shortly afterward she began making wallets and beauty products, which went well because it brought her regular income and with that was able to buy household appliances for her home. She was also able to help with her children’s education expenses. Between her and her husband, they were able to buy building materials to build on the land that her mother left to her, but it still needs some work and this is one of her goals, besides setting up her store again. Clara cares for elderly persons when they need her. She will use the money from this loan to buy beauty products and household accessories. She has ordered to fill for mothers’ day.
Unidos por el triunfo es una alcancía comunal en la cual participan ocho socios muy trabajadores y responsables cada uno en sus negocios pequeños. Clara es una mujer que le ha gustado generar sus propios ingresos muy a pesar que cuenta con el apoyo D. su esposo. Empezó vendiendo comida fuera D. su casa y sus hijos le apoyaban; después tuvo que cambiar D. giro porque dedicaba poco tiempo a sus niños; inició poco después a la elaboración D. carteras y productos D. belleza lo cual no le fue mal porque tuvo ingresos regulares y con ello adquirió electrodomésticos para su hogar; también apoyó en los gastos D. estudios a sus hijos. Logró conjunto con su esposo comprar materiales para construir en el terreno que su madre le había cedido; aún le falta terminar D. construir y ello es una D. sus metas además D. plantar una tiendita en su casa. Clara cuida a personas D. la tercera edad cuando requieren D. su servicio. El crédito será para comprar productos D. belleza y accesorios para el hogar tiene pedidos por campaña día D. la madre.
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.