The new communal bank "Mujeres Triunfadoras" (triumphant women) consists of 7 women who are enthusiastic about beginning to work with the Prosperity Program. Mirhta is the secretary of the group. She is 29 years old and is separated, with one son who is still a dependent. Mirhta has worked as a craftsperson in silver for more than two years. This business arose thanks to a relative who persuaded her to pursue her own business. The money that she receives is a great help since she can continue supporting her son with his education and in this way improve his quality of life. Mirhta's wish is to install in her home a handicraft studio where she can do her work. At this time she is applying for the loan to improve her house (painted). The communal bank "Mujeres Triunfadoras" is grateful for the loans offered since they make their progress possible.
La Nueva Alcancía Comunal “Mujeres Triunfadoras” está conformada por 07 mujeres entusiastas de comenzar a trabajar con el Programa- Prosperidad, siendo Mirhta la secretaria del grupo. Mirhta tiene 29 años de edad es separada con 01 hijo aún dependiente. Mirhta lleva más de 02 años dedicándose a la artesanía en platería, este negocio surgió gracias a un familiar que la indujo a emprender su propio negocio, el dinero que percibe es de mucha ayuda pues puede seguir apoyando a su hijo con sus estudios, y de esta manera mejorar su calidad de vida . El deseo de Mirhta es de instalar en su domicilio un taller artesanal donde pueda realizar sus trabajos. En esta oportunidad solicito el crédito para mejorar su vivienda (pintado). La Alcancía Comunal “Mujeres Triunfadoras” están agradecidos con el crédito brindado ya que hacen posible su progreso.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.