Mrs. Luciola O., 44, is married and has three adult children that still live at home with her. She has embroidered women’s and girl’s shirts for many years. She started out embroidering shirts she’d get from a girl friend but little by little became more interested in the business and decided to visit the same workshops where the shirts are manufactured to offer her embroidery services. Since then and to the present day she has a great amount of customers and also offers her services to other people because large amounts of shirts are brought to her to be embroidered and she distributes them among other women who need to support their households economically. Her dream is to have her own shirt manufacturing workshop.
La señora Luciola O. tiene 44 años y es casada, tiene tres hijos los cuales ya son mayores D. edad pero aun viven con ella en casa. Se dedica desD. hace muchos años al bordado D. polos para damas y niñas. Primero empezo recibiendo polos para bordar D. una amiga, poco a poco ella se fue interesando mas en el negocio y decidio ir a los mismos talleres donD. fabrican polos para ofrecer sus servicios D. bordados, desD. esa fecha a la actualidad ella tiene gran cantidad D. clientes y a la vez ella brinda trabajo a otras personas, ya que trae gran cantidad D. polos para ser bordados y lo reparte a otras mujeres que necesitan a poyar en casa economicamente. Su sueño es poder tener su propio taller D. fabricacion D. polos.
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.