This communal bank, called "Gotitas de Amor", is comprised of eight committed women entrepreneurs who struggle daily toward their only goal of watching out for their families' well being.
Eugenia, one of the members of the group, works as a street vendor and has been selling chicken for 11 years. She started the business in an effort to improve her situation and gain more knowledge. Thanks to her hard work she has been able to build part of her house. Her wish is to have a poulty farm one day so she could earn more money. She has requested a loan to buy chicken to sell to her customers.
Eugenia is 37 years old, married and has three children, two of whom still live at home. The "Gotitas de Amor" group is grateful to the people making this loan possible. Eugenia is the one seated, wearing a black top and jacket.
Este es el grupo “Gotitas De Amor” conformada por 08 mujeres emprendedoras y comprometidas, que cada día luchan por salir adelante con el único propósito de velar por el bienestar de sus familias. Este es el caso de Eugenia una mujer trabajadora que se dedica a la venta de pollo, la cual lo realiza ambulatoriamente, lleva más de 11 años en dicha actividad. Comenzó como ayudante en la venta de pollo con los deseos de mejorar y los conocimientos adquirió inició su propio negocio. Gracias a su esfuerzo a podido construir parte de su vivienda. Su mayor deseo es de tener una avícola, pues así tendrá mayores ganancias. Solicitó el crédito para la compra de pollos y de esta manera tener que ofrecer a sus clientes. Eugenia de 37 años es casada y tiene 03 hijos (02) de ellos aún dependientes. El grupo “Gotitas De Amor” agradecen a las personas que hicieron posible este crédito. Eugenia se encuentra sentada y viste casaca y polo color negro.
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.