Isabel is a member of the “Don Bosco” communal bank, where she has been participating for more than a year. The group is made up of 8 members, who are known for being responsible and enterprising people. Isabel is 30 years old and separated, with two minor children. Isabel works selling snacks and refrigerated items at a school. She started this business selling outside the school, and she saved up as much as she could from her work in order to rent a stand within the school complex, since her best customers were students and teachers from this institution. She feels happy, since thanks to her hard work, she has been able to support her children. She will use her most recent loan to buy supplies such as breads, gelatines, snacks, etc. Her greatest desire is to buy herself a house of her own, since at the moment she is only renting. Isabel is shown in the back row of the photo; she is the first on the left dressed in a pink jacket. In the upper area on the left is Yene.
Isabel es integrante de la Alcancía Comunal “Don Bosco” quien participa desde hace más de un año, la cual está conformado por 08 socios, ellos se caracterizan por ser personas responsables y emprendedores. Isabel de 30 años separada con 02 hijos menores de edad. Isabel se dedica a la venta de golosinas y refrigerios en un colegio. Comenzó este negocio vendiendo en las afueras del colegio, lo que pudo ahorrar con los trabajos realizados para alquilarse un puesto dentro del centro educativo, siendo sus mayores clientes alumnos y docentes de dicha institución. Se siente feliz pues gracias a su arduo trabajo a podido apoyar a sus niños. Su último crédito lo destinará para la compra de insumos como panes, gelatinas, golosinas, etc. Su mayor deseo es de comprarse su propia casa, ya que por el momento solo lo alquila. Isabel se encuentra en la parte posterior, es la primera del lado izquierdo viste casaca color rosado. En la parte superior lado izquierdo esta Yene.
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.