A group made up of nine entrepreneurial women with much creativity for business. These women form the communal bank group called "La Cruz de Yerbateros" (The Cross of Herbalists). One of these members is Flor, a 43-three-year old woman. Flor is married and has one son. She makes a living selling tamales (a typical food in this region). This business helps her to pay her son's education expenses.
Flor's biggest dream is to finish the construction on her home. In the future she would like to have her own stall from which to sell her tamales and increase her profits.
Flor is requesting this loan in order to buy pots and plates for her business. Demand for her tamales has been increasing and she needs better utensils for her tamale business.
Flor and the other members of this group are very grateful to Kiva and Edaprospo for this loan and the confidence shown in this group. The pledge to complete all of their proposed goals.
Saludos desde Perú, Un grupo conformado por 9 mujeres emprendedoras y con mucha creatividad para los negocios. Así son las integrantes del grupo comunal “La Cruz De Yerbateros” una de ellas es la Sra. Flor de 43 años de edad casada y madre de 1 hijo, ella se dedica diariamente a la venta de tamales(comida tipica de la zona), el cual le ha generado ganancias para poder cubrir los gastos de educación de sus hijo, Su mayor deseo es de terminar de construir su vivienda y En el futuro le gustaría tener un local propio donde poder vender sus tamales y obtener mayores ganancias económicas. . Solicitó el préstamo para la compra de ollas y platos para su negopcio, pues la demanda ha aumentado y necesita de mayores utensilios para la venta de tamales, a la vez la Sra. Flor y todos los integrantes se encuentran agradecidos con Kiva y Edaprospo por el préstamo otorgado y por la confianza que se les ha sido brindada. Dejando la promesa que cumplirá todas su metas propuestas.
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.