María has a display case for her products. She sells beauty products and sweets such as cookies, pop, chocolates, etc. The business is in her home, allowing her to be near to her children. With her income from this work, she supports her daughter who is studying nursing, helping her at least with transportation and various essential materials for her studies. Maria belongs to the "Mujeres Buscando un Futuro" ["Women in Search of a Future"] group. This allows her to feel that she is saving and progressing, and thanks to this group she has gotten ahead and been able to maintain her business and save. With this new loan she will purchase a larger display case which will allow her to have more products and thus more sales in the future. She sees the possibility of opening a grocery store in her home. She has the space and only needs to fit it out before she can start.
*Maria is the last in the line with the black sweater.
María tiene una vitrina donD. exhibe lo que venD., tanto sus productos D. belleza como algunas golosinas como galletas, gaseosas, chocolates etc. este negocio lo tiene en su misma casa permitiéndole estar cerca D. sus hijos, con los ingresos que obtiene D. su trabajo apoya a su hija que estudia enfermería por lo menos para su movilidad y algunos materiales indispensables para su carrera, pertenecer al grupo “MUJERES BUSCANDO UN FUTURO” le permite tener sentido del ahorro y el progreso, debido a ello es que ha salido adelante logrando mantener su negocio tanto que ahora con su préstamo esta próxima a comprar una vitrina mas granD. que le permitirá tener mas productos y ventas en el futuro ya esta viendo la posibilidad D. poner una bodega en su casa cuenta con el lugar solo le faltaría acondicionarlo para empezar.
* María es la ultima D. la fila esta con chompa negra.
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.