Juana is a member of the Corazón de Jesús Communal Bank, which is made up of 10 members, the majority of whom are neighbors from the area. Juana is 55 years old and her family is made up of her, her partner, and three independent children. She buys and sells clothing for children and adults for a living. This business grew out of her idea for making more income and being able to offer her family a better quality of life. She also offers cleaning services. She currently supports her grandchildren in their education. In the future, Juana would like to set up a grocery store, as that way she will be sure to make more income. At the moment, she is asking for this loan to buy clothing, such as sweaters, pants, jackets, scarves, and bedspreads. The Corazón de Jesús Communal Bank is very grateful and promises to keep working hard.
Juana es integrante de la Alcancía Comunal “Corazón De Jesús” la cual está conformado por 10 socios siendo la gran mayoría vecinos de la zona. Juana tiene 55 años de edad y su familia está conformada por ella su conviviente y 03 hijos independientes. Ella se dedica a la compra y venta de ropa para niños y adultos. Este negocio surgió con la idea de obtener mayores ganancias y de esta manera brindarles una mejor calidad de vida a su familia, también brinda servicio de limpieza. Actualmente apoya a sus nietos con su educación. A futuro a Juana le gustaría poner una tienda de abarrotes pues así asegura ella tendrá mayores ganancias. En esta oportunidad solicito el crédito para comprar prendas como chompas, pantalones, casacas, chalinas y colchas. La Alcancía Comunal “Corazón De Jesús” están agradecidos y se comprometen a seguir trabajando bien.
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.