I present to you Gloria, secretary of the Mujeres Virtuosas ("Virtuous Women") communal bank. She is separated, 45 years old, and has two children who are in school. Due to her separation, she alone is responsible for household expenses. For this reason, she decided to start working with her cousin who had a tire repair business. Despite it being hard work, she performs it in the best way. With time, her cousin left her the business. Little by little, she was buying her own tools until she had a complete workshop where she offers tire service, patches, and second tires. Currently, she has an employee in her charge who helps her with the heavy labor. Gloria's work has allowed her to give her children a comfortable life and good schooling.
This loan's use will be to buy tires and tubes in order to offer good service to all of her customers. Gloria hopes to improve her business and to have a larger workshop. She is grateful to those who are allowing her this loan, both for herself and on behalf of her group.
Les presento a Gloria, la secretaria de la alcancía Mujeres Virtuosas. Ella es separada tiene 45 años y 02 hijos que aun estudian, debido a su separación; es ella sola quien solventa los gastos de la casa, así decidió empezar a trabajar con su primo que tenía un negocio de llantería, a pesar de ser un trabajo rudo ella lo desempeño de la mejor manera, con el tiempo su primo le dejo el negocio; poco a poco fue comprando sus propias herramientas hasta lograr tener un taller completo donde brinda servicio de enllantado, parches y venta de llantas de segunda. En la actualidad tiene un trabajador a su cargo que la ayuda con los trabajos pesados, su trabajo le ha permitido darle a sus hijos una vida cómoda y buenos estudios, el destino que le dará a su préstamo será comprar llantas y cámaras para así brindar un buen trabajo a toda su clientela. Gloria espera mejorar su negocio y tener un taller más grande, esta agradecida por quienes permiten su préstamo tanto para ella como para todo su grupo.
* Gloria viste chompa naranja.
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.