Majella has been president of the "Amigas Unidas" ("Friends United") Community Bank since it was formed, and she feels her fellow members appreciate the confidence she provides. Majella is 50 years old, married and has a grown son who is 20. She makes a living selling beer and stores the beverages in her home. She doesn't need to have a sign or do advertising since her business is well known in her area. She plans to use the loan to maintain her stock of beer, which is approximately between 10 and 20 cases. Majella dreams of being a local distributor; her neighbors already ask her about it. But the capital required for that investment is large, so she has to work even harder to be able to fulfill it.
La Sra. Majella ha sido presidenta de la Alcancía Comunal “Amigas Unidas” desde que forma parte de ella, y siente que sus compañeras la aprecian por la confianza que le han brindado.
Majella tiene 50 años, es casada y tiene un hijo varón de 20 años. Ella se dedica a la venta de cerveza al por menor almacenando en su casa la mercadería, no necesita colocar un letrero ni hacer publicidad, porque ya es conocida en su zona por su negocio. Los préstamos del grupo los utiliza para mantener su stock de cerveza que es aproximadamente de 10 a 20 cajas. Majella sueña con ser distribuidora local, los vecinos ya se lo piden, pero el capital que se requiere para la inversión es grande, así que tiene que esforzarse más para poder cumplirlo.
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.