This group consists of responsible women who engage in different business activities. All of them reside in the District of Agustino and are members of the Communal Bank “Manos Unidas” (Joined Hands).
One of the members is Sra. Giovanna. She is a 31-year-old single mother with two children. For the past six years, Sra. Giovanna has been selling children’s clothes every day from a small vending stall. She says that she has gained the loyalty of her customers and is able to generate income to cover her children’s expenses and those related to her home. In the future, she would like to have her own boutique where she can sell children’s clothes and obtain more income.
With this loan that was issued to her, Giovanna will invest in a small boutique so that she can earn more income. Sra. Giovanna is the third woman on the left (from the group’s perspective) wearing a black shirt. On a parting note, she would like to give Kiva a hug and tell everyone that she plans to accomplish all of her goals.
Un grupo conformado por mujeres responsables a distintas actividades comerciales todos ellos residen en el distrito del Agustino. Así son las integrantes del grupo comunal. “Manos Unidas” una de ellas es la Sra. giovanna de 31 años de edad madre soltera y con 2 hijos, la Sra. giovanna se dedica ya hace 6 años a la venta de ropa de niños en un pequeño puesto todos los días, la Sra. giovanna nos cuenta que ha llegado a fidelizar a sus clientes lo cual a generando ingresos para cubrir los gastos de sus hijos y de su casa, En el futuro le gustaría tener una butik propio donde poder vender su ropa de niños y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en una pequeña butik y así poder tener más ingresos.la sra. giovanna es la tercera de la mano izquierda con polo negro, A la vez se despide con un abraso a Kiva y diciéndoles 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.