Jesusa is 33 years old. She is in a common-law marriage, and she belongs to the "Virgen de las Mercedes" communal bank, a group with 8 members. The group is characterized by the hard work and dedication the members put into their businesses, with one single goal: getting ahead for the good of their families. Jesusa has two children who are still minors, so that she divides her time between caring for them and working in her new business providing tailoring services. She has been in this business for more than six months. She started it with her sister because they did not have sufficient income to maintain their household. Apart from this, she works for a company providing cleaning services. With this work, she has been able to help her common-law husband cover the expenses and make payments such as the school fees for their children, the rent on their home, and other expenses of their household. In the future, she would like to have her own company providing high fashion tailoring, and thus she would have much more stable work with fewer working hours, so that she can spend more time with her children. With the recent loan, she is planning to invest in buying a variety of fabrics for her designs.
Jesusa de 33 años de edad, conviviente, pertenece a la alcancia comunal "Virgen de las Mercedes, un grupo de 8 integrantes que se caracterisa por el empeño y la dedicacion en sus negocios con un solo objetivo que es el salir adelante por el bien de sus familias. Jesusa tiene dos hijos aun menores de edad por lo cual se da tiempo entre cuidarlos y poder trabajar en su nuevo negocio de servicio de costura, lleva ya mas de seis meses en este negocio que inicio con su hermana a raiz de que no habian suficientes ingresos para sustentar su hogar. Aparte de ello trabaja para una empresa en servicio de limpieza, Con este trabajo a podido ayudar a su conviviente en solventar los gastos que cubren pagos como los del colegio de sus hijos, el alquiler de su casa y gastos para su hogar. En el futuro le gustaria tener su propia empresa de alta costura y asi poder tener un trabajo mucho mas estable y con menos horas de trabajo para poder pasar mas tiempo con sus hijos. Con el reciente prestamo lo piensa invertir en comprar de diversas telas, para sus diseños.
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.