The members of the 'Solidaridad de Jicamarca' have a great desire to do well and make progress. The bank is named after the town where its members live. The group has six members, mainly women, and each member has a life story and a story of how they have improved themselves throughout their lives. One member in particular is 36-year-old Julia who lives with her partner and has three children. One of her children is already an adult and the other two are still in her care. Julia's business is knitting and finishing off sweaters. She also occasionally makes woven products to order. She started out in this business as she used to work in a sweater factory. Through the effort of her work and the support of her partner, Julia has been able to build a second floor on her home and, over time, enjoy a better quality of life. She will invest this loan in buying yarn so that she can begin filling the orders that she has for sweaters. In the future, she would like to set up a hardware business to make more income for herself and her family.
Una alcancía con muchos deseos de superación y ganas por salir adelante, así se caracteriza la alcancía comunal Solidaridad De Jicamarca, el cual lleva ese nombre ya que, así se llama el lugar donde viven los integrantes del grupo. Esta alcancía está conformada por 6 integrantes en su mayoría mujeres, cada integrante con una historia de vida y de superación personal a lo largo de sus vidas. Una integrante en particular es la señora Julia de 36 años de edad conviviente y madre de tres hijos que uno ya es mayor de edad y los otros dos están a su cuidado, la señora Julia se dedica al tejido y acabados de chompas de hilo y que también eventualmente realiza tejidos a pedido. Comienza en este negocio a raíz, que trabajo en una fábrica de chompas. Con el esfuerzo de su trabajo y el apoyo de su conviviente han podido construir el segundo piso de su casa y con el pasar del tiempo darse una mejor calidad de vida. El reciente préstamo lo invertirá en la compra de hilos para comenzar con los pedidos que tiene de chompas. En el futuro le gustaría poner el negocio de ferretería y poder generar más ingresos económicos para ella y su familia.
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.