The community group “Micaela Bastida II” is made up of eight women entrepreneurs with a lot of creativity for business. Toribia is 39 years old, married, and has four children. She has worked for three years recycling paper. Toribia tells us that with a lot of hard work and the help of her husband, she has been earning income to cover household expenses. In the future, she would like to have her own small storage space where she could store her papers and therefore improve her income.
Toribia is requesting this loan to increase the size of the location she uses for her paper recycling business, which she says will help her get ahead. Toribia and all of the members of the group say they are very grateful to Kiva for the loan and for the confidence that has been placed in them. Toribia can be seen in the middle of the photograph in the brown long-sleeved polo shirt. She would like to close this message by giving her promise that she will comply with all of her proposed goals.
Un grupo conformado por 8 mujeres emprendedoras y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “MICAELA BASTIDA II”.La Sra. Toribia de 39 años de edad casada y madre de 4 hijos, ella se dedica hace 3 años al reciclaje de papel La Sra. Toribia nos cuenta que con mucho empeño y trabajo y con la ayuda de su esposo ah ido generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un pequeño almacén propio donde poder almacenar sus papeles y así obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en ampliar su local de reciclaje de papel y así poder salir adelante. A la vez la Sra. Toribia y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. La Sra. Toribia se encuentra parada en el medio se distingue con un polo manga larga de color marrón, se despide Dejando la promesa que cumplirá todas sus 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.