Nancy belongs to the community bank "Activo de Vitarte", located in the district of Vitarte. This bank is comprised of 7 members who are all women who have a great desire to be successful in their businesses. One of them is Nancy, who is 45 years old, married, and has 3 children, 2 of whom are grown up and one who is in high school. She has been working with the institution for 15 years and is very happy with it. Thanks to their support, she has been able to give her older children a better quality of life. She works selling seasonal products and she is currently preparing her business for Mother's Day. She will use the loan to buy clothes and beauty products to sell to her customers. She will keep working and helping her husband with the expenses for their little boy.
Nancy pertenece a la alcancía comunal "Activo de Vitarte" ubicada en el distrito de Vitarte esta alcancía está conformada por 7 integrantes las cuales son mujeres con muchas ganas por salir adelante y tener éxitos en sus negocios, una de ella es Nancy de 45 años de edad, casada y con 3 hijos, dos de ellos son ya mayores de edad y uno esta en el colegio, ella con la institucion viene trabajando 15 años se siente muy contenta, gracias al apoyo pudo darles un buena calidad de vida sus hijos mayores, ella se dedica a la venta de productos por temporada ahora se prepara pra el negocio ya que se pronto se celebra el dia de la madre y con el prestamo que le dieron comprará ropa y productos de belleza para vender asus clientes. Seguira trabajando y ayudando a su esposo con los gastos de su pequeño hijo.
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.