Mujeres Activas Group
Update on Mujeres Activas GroupThis group consists of responsible individuals who engage in different commercial activities. All of them reside in the District of Vitarte and are members of the Communal Bank “Mujeres Activas” (Active Women).
One of the members is Sra. Jacinta. She is 53 years old, single, and has four children. Sra. Jacinta has been selling vegetables (potatoes, corn, onions, as well as groceries) for 26 years. By working at her small store every day, Jacinta is able to move forward by paying for her children’s schooling and the household expenses. Her greatest wish is to see her children become professionals. For this reason, Sra. Jacinta works very hard. The loan she is receiving will be invested in the purchase of more vegetables so that she can have more income.
Sra. Jacinta is the first person on the left-hand side (from the group’s perspective) who is wearing a purple blouse. She bids farewell with a hug to Kiva and says that she plans to accomplish all of her goals.
Previous Loan DetailsHello! The group in the photo is from “MUJERES ACTIVAS,” an association that has already been in existence for more than 10 years and currently has 6 very enterprising and dynamic members (Mrs. Sofía is not able to attend the day of the loan disbursement due to health reasons). One of the wo... More from Mujeres Activas Group's previous loan »
About EDAPROSPOEDAPROSPO 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.
Concurrent and Successive Loans
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.
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Success!! The loan was 100% repaid