Guisela is 26 years old. She is the youngest member of the 'Juntas Progresaremos' (We Will Make Progress Together) community bank. Guisela is a single mother and has a 3-year-old daughter who gives her the strength to get ahead. Guisela has been selling beauty products for mO. than three years. Over these years, she tells us that she has done well as she is now responsible for 35 people who distribute the products that she buys. Her dream is to own a beauty salon so that she can improve her lifestyle. She says that she will use the loan to buy mO. products as the demand for her products increases at this time of year.
Guisela tiene 26 años de edad es la mas joven en la alcancía “JUNTAS PROGRESAREMOS”, es madre soltera, tiene una niña de 3 años de edad la cual es la persona que le da fuerzas para seguir adelante, Guisela se dedica a la venta de productos de belleza en el cual se viene desempeñando por mas de 3 años, a lo largo de este tiempo indica que ha podido superarse ya que ahora tiene 35 personas a su cargo los cuales distribuyen las los productos que ella compra, el sueño que tiene es lograr tener una salón de belleza para de esta manera mejorar su estilo de vida, indica que el préstamo lo empleara en la compra de mas productos ya que por esta temporadas la demanda de productos aumenta.
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.