Mr. Juan is a member of the communal bank "SIEMPRE ADELANTE". He is married, has two children, and works as a public transport driver. Unfortunately his income does not cover all of the household expenses so he helps his wife with her beauty product sales business. Some of the customers are friends and work colleagues. Many times he accompanies his wife to visit customers and handle payment collection. This allows them to have extra income so they can enjoy a better quality of life and give their children an education and proper nutrition. They are thinking about opening another business to sell not only beauty products but other items such as gifts, costume jewelry, etc. out of their home. The loan will be used to buy beauty products such as make-up, perfumes, talcum powder, shampoo, etc. They want to take advantage of this time of year when there is more demand because of Christmas parties. The communal bank "SIEMPRE ADELANTE" is comprised of seven members who all live in Ventanilla Callao.
• Mr. Juan is the one in the yellow shirt.
El Sr. Juan es socio D. la alcancía “SIEMPRE ADELANTE” es casado y tiene 02 hijos trabaja como chofer D. transporte publico lamentablemente sus ingresos no le permiten cubrir algunos gastos es por eso que ayuda a su esposa en la venta D. productos D. belleza, sus amistades y compañeros D. trabajo son algunos D. sus clientes, muchas veces acompaña a su esposa a realizar cobranzas y visitar clientes así ambos pueden tener otros ingresos que le permiten tener una mejor calidad D. vida y darle a sus hijos estudios y alimentación, ahora están pensando en iniciar un negocio con atención al público y vender no solo productos D. belleza sino otras cosas como regalos, bijouteria etc. y lo harán en su misma casa esta vez usaran su préstamo para comprar productos D. belleza como maquillaje, perfumes, talcos, champú etc. Aprovecharan estas fechas que hay mucha demanda por fiestas naviD.ñas, el grupo al cual pertenece es “SIEMPRE ADELANTE” esta formado por 07 miembros todos son vecinos D. Ventanilla Callao.
• El Sr. Juan viste camisa amarilla.
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.