Isabel is a member of the “Lucerito de José Gálvez” community bank. The bank has 10 members who are all engaged in different commercial business activities. Isabel is an entrepreneurial woman who has managed to get ahead in life. She is 50 years old, lives with her partner, and has three children. She is still supporting one of her children. Isabel's business is selling lingerie. She works to order and most of her customers are people from her area. Isabel started selling this kind of product as a sales assistant. With the experience that she gained, she decided to start her own business. Thanks to her perseverance and with the aid of her partner, she has managed to buy her own plot of land and help educate her children. Isabel's goal is to re-build her home as she tells us that it is currently made from pre-fabricated materials. She requested this loan to buy underpants and bras so that she has stock to offer her customers. The “Lucerito de José Gálvez” community bank are grateful for the loan they are being given.
Isabel es integrante de la Alcancía Comunal “Lucerito de José Gálvez” y está conformado por 10 socios dedicados a diversas actividades comerciales. Isabel es una mujer emprendedora que ha salido adelante. Ella tiene 50 años de edad es conviviente con 03 hijos, aun sigue apoyando a 01 de ellos, ella se dedica a la venta de lencerías la cual trabaja sobre pedidos, donde la gran mayoría de sus clientes son gente de su zona. Isabel empezó trabajando como vendedora de dicho productos, con la experiencia que adquirió decidió emprender su propio negocio, gracias a su perseverancia y con la ayuda de su pareja ha logrado comprarse su propio terreno, y ayudar en la educación de sus hijos. Isabel tiene como meta construir su vivienda ya que nos manifiesta que es de material pre-fabricado. Ella solicito el crédito para la compra de trusas y brasieres y de esta manera tener que ofrecer a sus clientes. La Alcancía Comunal “Lucerito de José Gálvez” 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.