The “Villa Santa Rosa” community bank consists of 11 enthusiastic members who have been working with Programa-Prosperidad (Prosperity Program) for eight months. Yolanda is an active member of the group. She is 53 years old, separated from her husband and has a daughter. Previously she made a living raising pigs, saving little by little, and in this way she was able to set up a convenience store in her home. This is where she has been for the past 13 years, offering groceries of primary necessity. Thanks to her hard work she has been able to help her daughter, a single mother of two young children, as well as make improvements to her home. Yolanda is requesting the loan to invest in the purchase of rice, sugar, milk, noodles and soft drinks at wholesale since it's more economical. Her goal is to keep growing her business so she can continue supporting her grandchildren, who are her motivation to keep moving forward. "Villa Santa Rosa" is very grateful for the loan. Dialu couldn't be present for the photo because of her work.
La Alcancía Comunal “Villa Santa Rosa” está conformado por 11 socios entusiastas la cual llevan trabajando 8 meses con el Programa- Prosperidad donde Yolanda es una de las socias activas del grupo. Yolanda tiene 53 años, es separada y tiene 01 hija. Anteriormente Yolanda se dedicaba a la crianza de cerdos poco a poco fue ahorrando y así pudo instalar una bodega en su domicilio donde lleva más 13 años ofreciendo sus productos de primera necesidad, gracias a su esfuerzo a podido ayudar a su hija ya que nos manifiesta que es madre soltera de 02 pequeños, también pudo mejorar su vivienda. Ella solicito el crédito para invertir en su negocio comprando arroz, azúcar, leche, fideos y bebidas por mayor ya que de esa manera le sale económico.El deseo de Yolanda es de seguir creciendo en su negocio y así seguir apoyando a sus nietos que son su motivo para seguir adelante. La Alcancía Comunal “Villa Santa Rosa” están muy agradecidos por el crédito brindado. Dialu no ha podido estar presente por motivo de trabajo.
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.