The “La Rosa De Guadalupe” communal bank is made up 0f 7 responsible and hardworking members who work in different commercial activities. Rosario started with the business of selling groceries and with her wish to get ahead and the good use of her income, she also opened a bookstore in her home. She tells us that she feels happy with what she has been able to do. Her next goal is to open a furniture store and see her children become people with good careers. The loan she has asked for will be used to buy groceries, beverages and school supplies. Rosario is 40 years old, married and has 4 children. Right now she is still supporting 2 of them. The “La Rosa De Guadalupe” group is grateful to the people who made this loan possible. Rosario is in front, the second one in the middle. She is wearing a flowered blouse and black pants. Julio was unable to be there because of work.
La Alcancía Comunal “La Rosa De Guadalupe” es un grupo conformado por 07 socios responsables y trabajadores dedicados a distintas actividades comerciales. Rosario comenzó con el negocio de la venta de abarrotes con los deseos de superación y el buen uso que le dio a sus ingresos, también habilitó una librería en su vivienda. Nos comenta que se siente feliz con lo que ha logrado. Su siguiente meta es de instalar una mueblería y ver a sus hijos profesionales. El crédito solicitado lo destinará para la compra abarrotes, bebidas y útiles escolares. Rosario de 40 años es casada y tiene 04 hijos, actualmente sigue apoyando a 02 de ellos. El grupo “La Rosa De Guadalupe” agradecen a las personas que hicieron posible este crédito. Rosario se encuentra en la parte de adelante, es la segunda al medio viste blusa floreada y pantalón negro. Julio no pudo estar presente por motivo de trabajo.
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.