The “Las Malvinas” communal bank has 10 responsible members who seek to improve more every day. This is Rebeca’s case. She’s 45-years-old, married and has three children. In order to get ahead and provide better quality of life for her family, Rebeca has carried out a variety of activities like cooking and cleaning. She currently is providing laundry services and her main customers are local neighbors in her zone. Rebeca feels happy because thanks to her work she’s been able to help support her children’s schooling.
Aiming at continuing to improve she requested the loan because she’ll buy a washing machine that will make her work easier. Her greatest wish is to see her children become fulfilled professionals. The Las Malvinas group thanks Kiva lenders for the support provided. Rebeca is second from the right wearing a gray jacket. Rosa was unable to be present due to work.
La Alcancía Comunal “Las Malvinas” está conformado por 10 socios responsables, que busca cada día mejorar. Este es el caso de Rebeca una mujer de 45 años de edad, casada con 03 hijos. Para salir adelante y brindarle una mejor calidad de vida a su familia Rebeca se ha dedicado a distintas actividades como al servicio de cocina y limpieza. Actualmente se viene desempeñando al servicio de lavado de ropa, siendo sus mayores clientes vecinos de su zona. Rebeca se siente feliz pues gracias a su trabajo a podido apoyar a sus hijos en su educación. Con el fin de seguir mejorando solicitó el crédito pues comprará una lavadora, y de esta manera facilitar su trabajo. Su mayor deseo es de ver a sus hijos realizados profesionalmente. El grupo “Las Malvinas” agradece a los inversionistas Kiva por la ayuda brindada. Rebeca es la segunda del lado derecho y viste casaca color ploma. Rosa no pudo estar presente por motivo de trabajo.
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.