Señora Asteria is a member of the community bank '“El Futuro de Perú” ("The Future of Peru"). She is 46 years old and married with 3 young children. The member works in handicrafts, doing Fustanes Embroidery (traditional hand-woven fabrics). She rises in the early hours of the morning so you can embroider the fabrics, as it takes a lot of dedication, concentration, creativity and art. She makes apparel for the months of the Patron Festivals, such as Santiago (a festival held in the area). The embroidered fabrics are sold in the months of June, July and August as demand is high.
The member is requesting the loan to buy raw materials like wool, yarns and fabric. Her future objective is to buy an industrial sewing machine. The partner is located in the center of the group wearing a white sweater and lilac, behind the young man Milber.
La Señora Asteria es socia de la Alcancía comunal “El Futuro de Perú”, tiene 46 años de edad, casada con 3 hijos menores. La socia se dedica a la Artesanía manual en Bordado de Fustanes (Tejidos Artesanales). Se levanta a tempranas horas de la mañana para que pueda bordar fustanes para ello tiene que tener mucha dedicación, concentración, creatividad y arte. Ella las confecciona para los meses de Fiestas Patronales como Santiago (fiesta costumbrista en la zona). Los Fustanes las venden en los meses de junio, julio y agosto ya que hay mucha demanda. La socia solicito el préstamo para comprar los materias primas como lanas, hilos y telas. Sus objetivos en el futuro es comprar maquinas industriales.La socia esta ubicada al centro del grupo con chompa color blanco y lila, detras de joven milber.
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.