The communal bank “Julio C. Tello al Progreso”, is made up of 10 women entrepreneurs that in the course of time have demonstrated responsibility. This time, you will meet our member Magnate, 25 years old, with one child still a dependent. With the desire to have her own business and seeing that her partner’s income was not enough to cover home expenses, Magnate decided to undertake her own business, which for almost one year has sold candies. Also, thanks to a sewing service she is making extra income for her home. Subsequently, she is thinking about installing another kiosk in a central location.
She will use her last loan to buying sweets like cookies, candies, chocolates, and drinks, and therefore stock her kiosk. Magnate is seated first on the right. She has a black jacket and we see her with her child.
Esta es la Alcancía Comunal “Julio C. Tello al Progreso” la cual está conformado por 10 mujeres emprendedoras que en el trascurso del tiempo han demostrado responsabilidad. En esta oportunidad conocerán a la señora Magnate de 25 años, casada con 01 niño aún dependiente. Con los deseos de contar con un negocio propio y al ver que los ingresos de su pareja no alcanzaban para cubrir los gastos del hogar Magnate decide emprender su propio negocio, la cual hace casi 01 año se dedica a la venta de golosinas, también nos manifiesta brinda servicio de costura obteniendo un ingreso extra para su hogar. Posteriormente piensa instalar otro kiosco en un lugar céntrico. Su último crédito lo destinará para la compra de golosinas como galletas, caramelos, chocolates, bebidas y así tener surtida su kiosco. Magnate se encuentra sentada es la primera del lado derecho tiene casaca negra y la vemos con su niño.
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.