Isabel is a member of the 'Don Bosco' community bank. This bank has nine members who are mostly neighbors living in the same area. 29-year-old Isabel lives with her partner and two dependent children. Her current business is selling candies and food in a school near her town. Thanks to this business, she is able to support her partner with their household expenses. The money that she makes is very helpful to her as she is able to help her children with their education. Isabel is an entrepreneurial mother whose goal is to study for a technical degree in cosmetology and set up her own beauty salon. She will use the loan that she requested to buy soda, chocolates, candies, etc. to sell to her customers. Isabel and the other members of the 'Don Bosco' community bank are grateful for the loan they have been given.
Isabel es integrante de la Alcancía Comunal “Don Bosco” La cual está conformada por 09 personas, siendo la gran mayoría vecinos de la zona. Isabel de 29 años de edad es conviviente con 02 hijos aún dependientes. Actualmente se dedica a la venta de golosinas y comidas en un colegio cerca de su comunidad. Gracias a este negocio a podido apoyar a su pareja con los gastos del hogar. El dinero que percibe es de mucha ayuda para ella, ya que puede ayudar a sus hijos en su educación. Isabel es una madre emprendedora que tiene como meta estudiar la carrera técnica de cosmetología, pues al culminar pondrá su salón de belleza. Con el crédito que solicito comprara gaseosas, chocolates, caramelos, etc. para poder ofrecer a sus clientes. Isabel junto a la Alcancía Comunal “Don Bosco” 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.