Greetings! Introducing “Santa Rosa de Lima”, a Communal Bank composed of 7 hardworking people who have succeeded in progressing in life thanks to their efforts, aiming at granting a better standard of living to their families. This is the case of Jaqueline, the treasurer of the group, a task she has responsibly carried out. Thanks to her great efforts and to her husband’s help, Jaqueline has succeeded in making one of her dreams come true: to have a shop of her own. She has been running a general store for more than 4 years, selling basic necessities to neighbors of her area, who constitute the majority of her customers. Thanks to this activity she has succeeded in granting herself a certain economic stability. She will use this new loan she is requesting to invest it in her activity by buying snacks, mineral water and fizzy drinks. What she wants the most is to see her children become professionals. The “Santa Rosa de Lima” Group are grateful and they commit to keeping on working well. Jaqueline is 39 years old, she is married and she has 2 children who still depend economically on her. She is the third form the left, wearing a lilac sweater and brown trousers.
Cordiales Saludos. Les presento al grupo “Santa Rosa De Lima” conformado por 07 personas trabajadoras que con esfuerzo han podido salir adelante con la finalidad de brindarles una mejor calidad de vida a sus familias. Este es el caso de Jaqueline tesorera del grupo, cargo que ha llevado con responsabilidad. Con mucho esfuerzo y la ayuda de su esposo jaqueline pudo cumplir una de sus metas, el de contar con negocio propio. La cual hace más de 04 años se dedica a la venta de productos de primera necesidad, siendo la gran mayoría de sus clientes vecinos de la zona. Gracias a este negocio ha logrado tener cierta estabilidad económica. Con este nuevo crédito seguirá invirtiendo en su negocio comprando golosinas, agua minera y gaseosas. Su mayor deseo es de ver a sus hijos profesionales. El grupo “Santa Rosa De Lima” están agradecidos y se comprometen a seguir trabajando bien. Jaqueline tiene 39 años, casada con 02 hijos aún dependientes. Ella es la tercera del lado izquierdo viste chompa color lila y pantalón marón.
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.