The communal bank “Mujeres Triunfadoras” (Triumphant Women) is made up of dynamic and enterprising people who work hard every day to get ahead. Their only goal is to safe guard their family's well-being. The communal bank is made up of ten members. This case is about Nancy, who is 22-years old, married and has one son. She currently makes her living selling clothing, toys and cosmetics in a market stall. This business emerged when she saw that her husband's income wasn't enough to cover the household expenses. Nancy will use this last part of the group's loan to purchase clothing, like pants, t-shirts, jackets and other items. Buying her own sales stall is Nancy's greatest desire, as the one she sells from now is rented. The communal bank “Mujeres Triunfadoras” is grateful for the loan they have been given. Nancy is in the back row, second from the left and wearing a turquoise shirt.
El grupo “Mujeres Triunfadoras” está constituida por personas dinámicas y emprendedoras que cada día luchar por salir adelante con el único propósito de velar por el bienestar de sus familiar, la cual lo conforman 10 socios. Este es el caso de Nancy 22 años casada con 01 hijo, la cual actualmente se dedica a la venta de prendas de vestir, juguetes y cosméticos en un puesto de un mercado. Este negocio surgió al ver que lo ingresos de su esposo no era suficiente para cubrir con los gastos del hogar. Su último crédito lo destinará para la compra de prendas de vestir como pantalones, polos, chompas entre otros. Comprar su propio local es su mayor deseo, ya que por el momento solo lo alquila. El grupo “Mujeres Triunfadoras” agradecen el crédito brindado. Nancy se encuentra en la parte posterior es la segunda del lado izquierdo y viste polo color turquesa.
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.