Greetings from Peru. This is Yolinda, a member of the Caritas Felices group, which is made up of seven responsible and hardworking people whose only goal is to improve every day.
This Yolinda's situation. She's an enterprising woman who, wanting to support her partner with the household expenses, decided to start her own business. Currently she makes a living selling clothing for children and adults, which she does on order. As a secondary job she sells beauty products. With the fruit of her effort she has improved her home.
She'll use the money she requested to buy clothing such as polo shirts, pants, and jackets because she has orders to fill.
Later she plans to set up a store in her home, which will allow her to be close to her children. Yolinda is grateful for the loan she received and promises to continue working well with the Prosperidad program.
Yolinda is the second from the right, wearing a red polo shirt, gray pants, and a white cap.
Saludos desde Perú, Este es el grupo “Caritas Felices” el cual está conformado por 07 personas responsables y trabajadoras que tienen como único propósito mejorar cada día. Este es el caso de Yolinda una mujer emprendedora que con los deseos de apoyar a su pareja con los gastos del hogar decide emprender su propio negocio. Su actividad principal es la venta de prendas de vestir para niños y adultos, la cual realiza a pedidos. Como actividad secundaría vende productos de belleza. Con el fruto de su esfuerzo ha mejorado su vivienda. El dinero que solicitó lo destinará para la compra de prendas de vestir como polos, pantalones y casacas; ya que tiene pedidos por entregar. Posteriormente piensa acondicionar una bodega en su vivienda, la cual le permitirá estar cerca de sus hijos. Yolinda agradece el crédito recibido y se compromete a seguir trabajando bien con el Programa-Prosperidad. Yolinda es la segunda del lado derecho viste polo rojo y pantalón plomo lleva una gorra blanca.
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.