Jesus is 49 years old and a successful merchant and shoemaker. He began doing this type of work 15 years ago because of the unstable labor market, which at that time meant that jobs were short and many people were let go. A friend recommended him to work at a shoe company where he remained for many years, and there he learned to make shoes and slippers. He also studied on his own and took classes to improve himself. With all of his experience, he opted to open his own business and today he makes shoes in quantity and supplies various stores. Thanks to his work he has a home of his own and a car which allows him continue moving ahead. It has also permitted him to provide financial stability to his family. He and his wife have started a new business; a soda fountain in which they have invested their savings. Later they want to expand their home so they can rent out space to merchants. Jesus is the president of the newly formed “MUJERES TRABAJADORAS DE LADERAS DE CHILLON” communal bank. He hopes to continue getting ahead with his group and with a loan that he will use to buy supplies that he needs for his business, such as glue and leather.
El Sr. Jesús tiene 49 años. El es un prospero comerciante que se dedica a la confección de calzados, empezó en este rubro hace 15 años debido a la inestabilidad laboral que existía por ese entonces los trabajos eran cortos y despedían mucha gente, un amigo lo recomendó para trabajar en una empresa de calzados donde permaneció por muchos años fue allí donde aprendió todo lo referente a la elaboración de zapatos y zapatillas, por su cuenta también se preparo estudiando y llevando cursos para perfeccionarse. Con toda la experiencia ganada opto por abrir su propio negocio hoy en día es fabricante de calzados al por mayor y es proveedor de varias tiendas, gracias a su trabajo tiene una casa propia y un carro que le permiten seguir adelante, también le ha permitido darle a su familia estabilidad económica, actualmente junto a su esposa han iniciado un nuevo negocio una fuente de soda donde han invertido sus ahorros, para mas adelante quiere ampliar su casa para alquilar locales. El Sr. Jesús es el presidente de la alcancía recién formada “MUJERES TRABAJADORAS DE LADERAS DE CHILLON” espera junto a su grupo seguir progresando, con su préstamo recibido comprara los insumos que necesita para su negocio como pegamento y cueros.
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.