Greetings from Perú. The communal bank “Virgen de Guadalupe de Santa Clara” is comprised of 9 responsible members who are involved in various business activities. They all reside in the district of Ate Santa Clara.
One member is Carla, who is a single mother of two children. For the last 7 years she has been selling groceries and vegetables including potatoes, corn and onions in a small market. She works every day to get ahead and be able to send her children to school and cover the household expenses.
Her greatest wish is to see her children have professional careers. It is for this reason that she works so hard.
She will invest the loan proceeds in groceries for resale so that she can increase her income. In closing she sends her warm wishes to Kiva and Edaproso and says that she hopes that they achieve all of their goals.
Hola de Perú, Un grupo conformado por 9 socios responsables a distintas actividades comerciales todos ellos residen en el distrito de ate santa clara. Así son las integrantes del grupo comunal. “virgen de Guadalupe de santa clara” una de ellas es la Sra. Carla de 31 años de edad soltera y con dos hijos, la Sra. Carla se dedica ya hace 7 años a la venta de verduras (abarrotes, papas, choclos, cebollas etc.) en un pequeño mercado todos los días con el merito de salir adelante y así poder pagar el colegio de sus hijos y pagar los gastos de su casa , su mayor deseo es que sus hijos sean profesionales es por eso que la Sra. Carla trabaja mucho , Con el préstamo otorgado lo invertirá en comprar más abarrotes y así poder tener más ingresos. A la vez se despide con un abraso a Kiva y Edaprospo diciéndoles que cumplirá todas sus 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.