“Manos Unidas” is a communal bank made up of 6 members. One of the group members is Ruth who is 33 years old. She is a widow and has 3 small children. Ruth sells various products, mostly clothing and shoes. She works from home, not having a facility for her work because of the high cost of renting sites.
She has several years experience along this line and she is doing well. She has many customers that ask for different products. The loan that she has requested will be used to buy clothing and shoes for the Mother’s Day campaign. Those dates are very good for her business because sales increase.
Thanks to her work she can provide for her family as she is the only breadwinner. In the future she would like to have a bazaar in her own facility. Ruth is excited by the support she is receiving in her business. To all the lenders she wants to say, Many thanks! In the photo she is wearing red pants.
“Manos Unidas” es una alcancía conformada por 06 socias, una de las integrantes del grupo es Ruth de 33 años. Ella es viuda tiene 03 hijos pequeños. Ruth se dedica a la venta de diversos productos en su mayoría ropa y zapatos, este trabajo lo realiza desde su casa, aun no cuenta con un lugar para ello debido al costo elevado del alquiler de locales, ya tiene varios años trabajando de esa manera y le va bien, cuenta con muchos clientes que le solicitan diversos productos, el préstamo que ha solicitado le servirá para comprar ropa y zapatos por campaña del día de la madre, esas fechas son muy buenas para su negocio porque las ventas mejoran, gracias a su trabajo puede velar por su familia ya que ella es el único sustento, mas adelante le gustaría tener un bazar en un local propio.
Ruth está entusiasmada por el apoyo que recibe en su negocio. A todos los inversionistas les quiere decir ¡Muchas gracias! En la foto viste pantalón color rojo.
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.