Eileen is a member of the “Virgen De La Puerta” communal bank, which is made up of 8 enthusiastic members who have been working as group for more than 2 years. Eileen is 36 years old, separated, and has 1 daughter. She currently has a store that sells a variety of items, and she has had this business for more than 10 years. She started her business as a result of separating from her daughter’s father. She feels proud because it is through her work and perseverance that she has improved her business and supported her daughter in her education. Her greatest wish is to see her daughter become a professional. She will use the money from the loan to buy shoes and sandals for the season. The “Virgen De La Puerta” communal bank group is thankful for the loan that has been granted. Eileen is seated, the second from the left, wearing a green shirt.
Eileen es integrante de la Alcancía Comunal “Virgen De La Puerta”, la cual está conformado por 08 socios entusiastas, que llevan trabajando con el grupo más de 02 años. Eileen de 36 años separada con 01 hija. Actualmente cuenta con un bazar, lleva trabajando de esta manera hace más de 10 años. Este negocio surgió a raíz de la separación con el padre de su hija. Se siente orgullosa pues gracias a su trabajo y perseverancia a mejorado su negocio y apoyar a su hija en su educación. Su más grande deseo es ver a su hija realizada profesionalmente. El dinero obtenido lo destinará para la compra de zapatos y sandalias de temporada. El grupo “Virgen De La Puerta” agradecen el crédito brindado. Eileen se encuentra sentada, es la segunda del lado izquierdo y viste polo verde.
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.