The communal bank "MUJERES BUSCANDO UN FUTURO" is one of the largest groups and has 17 members. One of them, Liceth, is 18 and works as a hostess selling beauty products. A friend of hers encouraged her to start selling to make extra income. In the seven months since she started she has acquired many customers among her friends and relatives, who are her largest buyers. She plans to use the loan to continue stocking products such as perfumes, lotions, creams and cosmetics. This will enable her to fill customers' orders. She is saving to buy a laptop for her studies; but what she aspires to most in the future is to have her own spa so she can offer all kinds of beauty services.
*Liceth is standing in the back row, fifth over, in a blue top.
El grupo “MUJERES BUSCANDO UN FUTURO” es una de las alcancías con la mayor cantidad de socias, son 17 integrantes que la conforman; una de ellas el Liceth una joven de 18 años que se dedica al anfitrionaje y también a la venta de productos de belleza, fue por medio de una amiga quien la animo a vender para tener ingresos adicionales, durante estos 7 meses que lo hace ha podido ganar muchos clientes entre los que cuenta a sus amigas y familiares quiénes son sus mayores compradores, el dinero de su préstamo lo usara para seguir basteciendo su negocio con productos como perfumes, lociones, cremas y cosméticos. Así puede cumplir con sus pedidos de sus clientas, ella está ahorrando para comprarse una laptop que le servirá para sus estudios y lo que más quisiera en el futuro es tener su propio spa donde pueda ofrecer todo tipo de servicios de belleza.
*Liceth es la 5ta de las paradas (la parte de atrás) viste polo azulino.
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.