La Cantuta Group
Today we speak of the group “La Cantuta,” a group that is beginning its second cycle. It is a large group that consists of eleven members.
One of the members is Patricia, one of the youngest. She is 20 years old, single, and lives with her mother and younger siblings and is pursuing university studies in management.
She decided to open a grocery store thanks to the advice of her mother about two years ago. Previously she worked preparing food (restaurant) as were some of her siblings, but the income was not sufficient to maintain all of them. So Patricia became independent and she pays for her studies with the money she earns from her grocery store. She likes the business because she interacts with customers and has made many friends. Her dream is to be able to complete her studies, and to open another store so she can help her siblings. She will use the money from this loan to buy merchandise such as rice, sugar, soft drinks, beans, cereals, and more.
A big thank you, is what Patricia says for the help that is offered. The photograph of Patricia is located at the bottom, the first from the left, and she is wearing a plaid jacket.
Hoy les contaré sobre el grupo “La cantuta”, un grupo que está iniciando su 2º ciclo. Es un grupo numeroso porque está formado por 11 socios.
Una de las socias es Patricia, una de las más jóvenes, tiene 20 años de edad, soltera vive con su madre y hermanos menores, además está siguiendo estudios universitarios en Administración.
Ella se decidió abrir una tienda de abarrotes gracias a los consejos de su madre hace aproximadamente 2 años, ya que anteriormente se dedicaban a la preparación de comidas (restaurante) y como son varios hermanos, los ingresos no eran suficientes para mantenerlos a todos.
Es así como Patricia se independizó y paga sus estudios con los ingresos que genera su tienda de abarrotes. A ella le encanta este negocio por que interactúa con sus clientes y se hace de muchos amigos. El sueño que ella tiene es poder terminar su profesión, y abrir otra tienda para poder ayudar a sus hermanos. Ella utilizará el préstamo en la compra de su mercadería como arroz, azúcar, gaseosas, menestras, cereales, etc.
Mil gracias!, es lo que nos dice, Patricia por el apoyo que se le ofrece. La fotografía de Patricia está ubicada en la parte inferior, es la primera de la izquierda viste con una casaca ploma a cuadros.
About EDAPROSPOEDAPROSPO 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.
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