María is a member of the Community Bank “Hacienda Chacrasana” group, comprised of 9 women committed to the Prosperity Program. María is an earnest and hardworking woman that today works as a cook, which she carries more than a year in the said area. Separately she tells us that she sells porridges outside her home. She conducts this activity every weekend. Thanks to the strength of María, she has improved housing. María is 55 years old, is married, and has two dependents. One of her goals is to buy herself a car. She thinks that she can rent it in order to offer a shuttle service. In order to continue improving she requested a loan to buy corn, sugar, milk, rice, and raisins among other things. The group “Hacienda Chacrasana” appreciates the loan provided.
María es integrante de la Alcancía Comunal “Hacienda Chacrasana” grupo conformado por 09 mujeres comprometidas con el Programa- Prosperidad. María es una mujer empeñosa y trabajadora que actualmente trabaja como cocinera la cual lleva más de 01 años en dicho rubro, aparte nos manifiesta que vende mazamorras en las afueras de su hogar, esta actividad lo realiza cada fines de semana, gracias a su esfuerzo María ha mejorado su vivienda. María tiene 55 años de edad es casada y tiene 02 independientes. Una de sus metas es comprarse un carro pues lo piensa alquilar para brindar servicio de transporte. Con el fin de seguir superándose solicito el crédito para la compra de maíz, azúcar, leche, arroz, pasas, entre otros. La Alcancía “Hacienda Chacrasana” agradecen el crédito brindado.
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.