Virginia is a member of the "El Progreso del Vallecito" communal bank, which is comprised of 7 responsible people, the majority of whom are neighbors in this zone. Virginia is a 48-year-old with a live-in partner and no children. For over two years, she has been selling cleaning products like detergent, soap, bleach, etc. She used to work at a cleaning supply store, which is how she decided to start her own cleaning supply business. Thanks to her efforts and with the help of her partner, she has been able to reach some of her goals, which were to buy her own plot of land and start a business. Her next goal is to finish the construction of her house. The loan that she is requesting will be used as business capital to purchase detergent, soap, air fresheners, brooms, gloves, and other products, thus helping her to cultivate customer loyalty. The "El Progreso del Vallecito" communal bank is grateful for your support.
Virginia es integrante de la Alcancía Comunal “El Progreso del Vallecito” grupo que está conformado por 07 personas responsables, la mayoría de ellos vecinos de la zona. Virginia tiene 48 años de edad es conviviente y no tiene hijos. Hace más de 2 años que Virginia se dedica a la venta de artículos de limpieza como detergente, jabón, lejía, etc. Anteriormente trabajaba en una tiende vendiendo artículos de limpieza pues fue ahí donde se animo a emprender su propio negocio. Gracias a su esfuerzo y con la ayuda de su pareja ha podido cumplir una de sus metas comprarse su propio terreno y contar con un negocio propio. Su siguiente meta es de terminar de construir su vivienda. El crédito que solicito lo utilizara como capital de trabajo comprando detergente, jabón, ambientadores, escobas, guantes, etc. Y así llegar a fidelizar a sus clientes. La Alcancía Comunal “El Progreso del Vallecito” están agradecidos con 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.