The community bank "Mujeres Unidas por el Progreso" [Women United for Progress], is a group made up of six members who have worked with the Prosperity Program for four months.
Betzabet is the leader of the group. She is 34 years old, separated, and has two children. She currently supports her younger child, who is school aged. For more than four years, Betzabet has worked selling kebabs. She sells them outside her house. Thanks to her hard work, she has been able to improve her quality of life, and one year ago, she started a store in her home that sells staple products. Betzabet is a hardworking woman whose goal is to finish building her home.
She is asking for this loan to invest in her store by purchasing groceries such as rice, milk, pasta, and oil so that she can build a loyal customer base.
The community bank "Mujeres Unidas por el Progreso" is very thankful for the loan being provided.
La Alcancía Comunal “Mujeres Unidas por el Progreso” es un grupo conformado por 06 socios, la cual lleva 04 meses trabajando con el Programa- Prosperidad, siendo Betzabet la que preside el grupo, ella tiene 34 años de edad, es separada y tiene 02 hijos, actualmente sigue apoyando al menor de ellos ya que está en etapa escolar. Hace más de 04 años que Betzabet se dedica a la venta de anticuchos, la cual los ofrece a las afueras de su hogar, gracias a su arduo trabajo a podido mejorar su calidad de vida pues hace 01 años instalo en su domicilio una tienda la cual ofrece productos de primera necesidad. Betzabet es una mujer trabajadora que tiene como anhelo terminar de construir su vivienda. En esta oportunidad solicito el crédito para invertir en su tienda comprando abarrates como arroz, azúcar, leche, fideos y aceite y de esta manera llegar a fidelizar a sus clientes. La Alcancía Comunal “Mujeres Unidas por el Progreso” 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.