A group comprised of eight enterprising women with a great deal of creativity for business - such are the members of the "Cesar Vallejo V.E.S." communal bank. Mónica is 43 years old and single, and doesn't have any children. For the past three years she has been selling used clothing in a small market with the goal of getting ahead. Mónica reports that with a great deal of effort and hard work she has generated profits in order to afford her household expenses. In the future she'd like to own a small store of her own where she can sell her garments, and thus increase her profits. With the loan she obtained she'll purchase more clothing and therefore she'll be able to improve her earnings. At the same time, Mónica and all the members are grateful towards Kiva for the loan they obtained and for the trust that has been bestowed upon them. Mónica is sitting down, the first one from the left. She's seen wearing a long-sleeved green coat with stripes that form a squared pattern. She bids goodbye and promises that she'll accomplish all the goals she has set for herself.
Un grupo conformado por 8 mujeres emprendedoras y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “CESAR VALLEJO V.E.S”. Mónica de 43 años de edad soltera Y sin hijos, ella se dedica hace 3 años a la venta de ropa usada en un pequeño mercado con la idea de salir adelante, Mónica nos cuenta que con mucho empeño y trabajo ah ido generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un pequeño local propio donde poder vender su ropa y así tener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en comprar más ropa y así poder tener más ingresos económicos. A la vez Mónica y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. Mónica se encuentra sentada es la primera de la mano izquierda, se le distingue con un saco manga larga de color verde con rayas cuadradas,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.