The “Fuerza y Valor” (Strength and Value) Communal Bank is a new group composed of 7 members, the great majority of whom are residents of this zone.
Gladys is 40 years old and separated with 2 independent children. Some 25 years ago Gladys began selling vegetables in the street and as a 2nd activity, raising pigs. Gladys is a hard-working woman and thanks to her work and dedication, she has been able to improve her life and maintain her business. Gladys' biggest desire is to finish construction of her residence. In order to continue expanding her business, she is soliciting a loan to buy vegetables and balanced food for her pigs.
The new “Fuerza y Valor” Communal Bank is grateful for this offer of a loan.
La Alcancía Comunal “Fuerza Y Valor” es un nuevo grupo que está conformado por 07 socios, siendo la gran mayoría vecinos de la zona. Gladys tiene 40 años de edad, es separada con 02 hijos independientes. Hace más de 25 años que Gladys se dedica a la venta ambulatoria de verduras, como segunda actividad se dedica a la crianza de cerdos. Gladys es una mujer trabajadora, pues gracias a su trabajo y dedicación a podido mejorar su vivienda y mantener su negocio. Su mayor deseo es de terminar de construir su vivienda. A fin de seguir creciendo en su negocio solicito el crédito para comprar verduras y comida balanceada para sus cerdos. La nueva Alcancía Comunal “Fuerza Y VAlor” 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.