The “Amigas Unidas” (United Girlfriends) communal bank is composed of five, charismatic women who as time has passed have been improving their businesses aiming at improving the quality of life of their families. Ydelvina, 33, is separated and has two minor children (3 and 5). Ydelvina started working in a barber shop and with the skills she learned and the drive to improve she decided to open her own business. She currently owns a beauty salon where she provides haircuts, manicure and hair styling, among other services. Her greatest wish is to own a house.
She will use the requested loan to buy hair color, scissors and a table to tend from. Ydelvina is third from the left wearing a pink shirt and blue pants.
The “Amigas Unidas” group is grateful for the granted loan.
La Alcancía Comunal “Amigas Unidas” esta conformada por 05 mujeres carismáticas, que el transcurso del tiempo han ido mejorando sus negocios con el fin de mejorar la calidad de vida de sus familias. Ydelvina de 33 años es separada y tiene 02 hijos menores de edad (3-5). Ydelvina comenzó trabajando en una peluquería con los conocimientos que adquirió y los deseos de superación toma la decisión de emprender su propio negocio donde actualmente cuenta con un salón de belleza la cual brinda servicio de cortes de cabello, manicure, pintados entre otros. Su mayor anhelo es tener su casa propia. El crédito solicitado lo destinará para la compra de tintes, tijeras y una mesa donde pueda atender. El grupo “Amigas Unidas” agradecen el crédito brindado. Ydelvina es la tercera del lado izquierdo y viste polo color rosado y pantalón celeste.
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.