Carmen Rosa owns a stationery store which she has had for nearly one year. She feels happy because it has done very well. In her store she sells all kinds of school supplies such as composition books, paper, pens, etc. She also has several trades which allow her to make additional income such as cosmetology and making cakes. Carmen is very hard working and would like to continue making progress, above all helping her children to achieve a good education and a better future. This is why she works hard. She is a member of the "Satelital" group which has seven members who are all friends and neighbors. They all live in Ventanilla, Peru. On this occasion, Carmen Rosa will use her loan to buy products for her stationery store.
La Sra. Carmen Rosa tiene una librería , esta con su negocio cerca de un año y se siente feliz por que ha prosperado mucho, en su librería vende todo tipo de útiles de escolares como cuadernos, hojas, lapiceros etc. por otro lado también tiene varios oficios que le permiten ingresos adicionales como dedicarse a la cosmetología y la preparación de tortas, Carmen es muy trabajadora quiere seguir progresando y sobretodo ayudar a sus hijos para que tengan una buena educación y un mejor futuro es para eso que se esfuerza. Ella pertenece al grupo “SATELITAL” integrado por 07 socias todas son amigas y vecinas de ventanilla – Perú, en esta oportunidad el dinero de su préstamo lo usara para comprar productos para su librería.
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.