A group made up of six women responsible for different business activities. These are the members of the Arenas de Villa communal bank. Teodora is one of them. She is 55 years old and has no children. For ten years now, Teodora has worked every day making clothing for men as well as women in a small, rented establishment, all with the goal of moving forward. She has been able to improve her finances and her quality of life, and this way keep improving her business. With the loan provided, she will buy fabric to be able to continue making clothing and that way have more income. She signs off with a hug to Kiva and Edaprospo. Teodora is the first person on the right. She is wearing a black vest. She is thankful for the loan given, since it makes her progress possible.
Un grupo conformado por 6 mujeres responsables a distintas actividades comerciales. Así son las integrantes del grupo comunal. “ARENAS DE VILLA ” una de ellas es Teodora de 55 años soltera y sin hijos, la Sra. Teodora se dedica ya hace 10 años ah la confección de ropa tanto para caballeros como para damas en un pequeño local (alquilado) todos los días con el merito de salir adelante, Teodora ha logrado mejorar su economía y mejorar su calidad de vida , y así Seguir mejorando su negocio , Con el préstamo otorgado lo invertirá en comprar telas para poder seguir confeccionado ropa y así poder tener más ingresos. A la vez se despide con un abraso a Kiva y Edaprospo, Teodora es la primera de la mano derecha se le distingue con un chaleco negro, agradece el crédito brindado ya que 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.