Ciceli has been a member of the communal bank "Mi Banquito", meaning "My Little Bank" for the past four years. Eight months ago she became the president of the group. At her 33 years of age and with her two dependent children, she faces life as a single mother. Ciceli grew up in a family of agriculturists who plant, harvest, and sell produce, such as: potatoes, fava beans, and alfalfa. She currently plants and sells flowers and this is how she has reached financial stability and how she has been able to give her young children an education. Ciceli wants to use a better irrigation technology in her agriculture projects in order to acquire a better system of irrigation to obtain better results. This will translate into better earnings from her production. The loan will be used to purchase seeds and fertilizers for her plantations.
The communal bank "Mi Banquito" is made up of 10 members who have been in the communal system for four years. They are thankful for the loan received, a new opportunity to use as working capital. Month after month they work hard to make their payments on time. Victoria Elena and Rosa are absent from the photograph for work schedule conflicts, arriving late to the meeting.
Ciceli participa hace cuatro anos en la ALCOM “Mi Banquito” y hace ocho meses ejerce el cargo de presidenta, a sus 33 anos y con dos hijos dependientes afronta la vida siendo madre soltera. Ciceli crecio en medio de una familia de agricultores que siembran, cosechan y comercializan tuberculos como: papa, habas y alfalfa. Actualmente ella se dedica a la siembra y venta de flores; asi ha logrado tener estabilidad economica y dar estudios a sus menores hijos. Ciceli desea utilizar una mejor tecnologia de riego para su agricultura y lograr adquirir un mejor sistema de riego para tener mejores resultados y asi mayores ganancias con su produccion, el prestamo obtenido sera utilizado en semillas y abonos para sus sembrios.
La Alcancia Comunal “Mi Banquito” esta conformada por diez integrantes que participan hace cuatro anos con el sistema comunal y estan agradecidos por el prestamo recibido en esta nueva oportunidad para su capital de trabajo.
*** En la fotografia estan ausentes por motivos particulares de cruze con su horario de trabajo la sra victoria elena y rosa, quienes llegaron con retraso a la reunion.
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.