The group consists of 5 women, each responsible for different commercial activities. They reside in the district of Augustine. These are members of the community bank "Catalaine Huanca.” Bertha is one member and is 63 -years –old, unmarried, and does not have children. Bertha has worked in service sewing for 20 years. Bertha makes clothing in a small space (rented) in order to progress day by day and get ahead. Bertha has managed to win over customers and to improve her quality of life.
Bertha is requesting a loan to buy clothing dress (fabrics). Both Bertha and all members are grateful to Kiva for the loan and the confidence that they have been given. Bertha is standing and can be found wearing a green jacket. She says goodbye with the promise the she will complete all her goals.
Un grupo conformado por 5 mujeres responsables a distintas actividades comerciales todos ellas residen en el distrito del Agustino. Así son las integrantes del grupo comunal. “CATALINA HUANCA” una de ellas es Bertha de 63 Años de edad soltera y sin hijos, Bertha se dedica hace 20 años al servicio de costura (remalle). Bertha confecciona prendas de vestir, en un pequeño local (alquilado) con el fin de progresar día a día y salir adelante, Bertha a sabido ganarse a los clientes y así poder mejorar su calidad de vida. Bertha solicito el préstamo para comprar confecciones de vestir (telas) ah la vez Bertha y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. Bertha esta parada y se le distingue con una casaca verde, 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.