Carmen is married and has two children, one of whom depends on her. Carmen sells sweets for a living and has been in business for ten years. With much effort and hard work she has been able to get ahead and give her family a good quality of life. She also sells beauty products and uses her income to cover household expenses. In the future she would like to have a store. She will use the loan to buy sweets for her business.
Carmen belongs to the communal bank "Amigas Unidas del Rosal", which is comprised of eight members. She is the president of the group. Carmen is the one standing wearing a purple hoodie.
La Sra. Carmen es casa tiene 2 hijos, de los cuales uno depende de ella. Carmen se dedica a la venta de golosinas desde hace 10 años. Con su esfuerzo y trabajo ha podido salir adelante dándole así una mejor calidad de vida a su familia. También se dedica a la venta de productos de belleza. Actualmente su ingreso lo destina para ayudar en los gastos del hogar . Su plan para el futuro es tener una bodega. Ella usara el crédito en la compra de de golosinas para su negocio. Carmen pertenece a la alcancía comunal “Amigas Unidas del Rosal”, el cual está conformado por 8 personas. Ella lleva el cargo de presidenta.La Sra. Carmen es la persona que se encuentra de pie con una chompa de color morado al costado de la otra señora.
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.