The communal bank “Ríos De Agua Viva” comprises six responsible members, who are in their eighth loan cycle. Martha, 51, is a widow and the mother of four children, two of whom are dependents. Initially, she sold prepared food. Two years ago, hoping to improve her circumstances and educate her children, she began her first business, selling clothing and footwear.
She will use this loan to buy jackets, sweaters, pants, and footwear to fill customer orders. Eventually, she hopes to open a boutique, where she can display her merchandise. Martha is the first person on the left and is wearing a plaid jacket and is carrying a black purse. The group “Ríos De Agua Viva” is grateful for the funding, which makes its progress possible
La Alcancía Comunal “Ríos De Agua Viva” está conformada por 06 socios responsables la cual pasan a su 8 ciclo. Martha una madre de 51 años, es viuda y tiene 04 hijos, actualmente sigue apoyando a 02 de ellos. Ella comenzó ofreciendo servicio de cocina, con los deseos de mejorar inició su propio negocio, la cual hace 02 años que se dedica a la venta de prendas de vestir y calzados. Con el fruto de su esfuerzo a brindado educación a sus hijos. Su último crédito lo destinó para la compra de casacas, chompas, pantalones y calzados ya que tiene varios pedidos por entregar. Más adelante le gustaría poner una boutique donde pueda exhibir sus productos. Martha es la primera del lado izquierdo y viste un saco a cuadros y cartera negra. El grupo “Ríos De Agua Viva” agradecen el crédito brindado, pues hace posible su progreso.
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.