Union Collana Group
This communal bank is made up of eleven micro-entrepreneurs, most of whom are farmers. The members manage to support their families through their businesses, and one of their many goals is to provide the best for their families.
Let’s hear the testimony of Adrían, who has been the group’s treasurer for more than two-and-a-half years. He has been a farmer for over ten years. His parents gave him some land that he uses to plant alfalfa—this is the crop that he produces the most and gets the most return from, since it is harvested six times a year. Like all parents, he wants to provide the best for his two children, aged 11 and 6 years old. He also grows fruits such as apples and quinces along with other crops that include corn, peas, spinach, and potatoes. He needed a loan in order to purchase seeds, fertilizer, pesticides, and herbicides. He sells his produce to wholesale buyers from the market. Adrían and his wife share the expenses of educating their children and providing them with clothes and food. They have even purchased some electrical appliances that they didn’t have before when they didn’t earn profits from their sales, such as a TV, a DVD player, and audio equipment.
There was a period when the region was hit by unexpected natural disasters in the wake of a flash flood, which made transport difficult—the journey (for the wholesale buyers) took three days by truck—and Adrían had to sell off his produce to make up for some of the investment. The loan that he needs now is for purchasing seeds and fertilizer for planting alfalfa, and hiring farm workers to plow and irrigate the land. Working thus allows him to earn money for his family.
En esta alcancía participan once personas microempresarias la mayoría de ellos son agricultores, a través de sus negocios consiguen el sustento en sus hogares, darle lo mejor a los suyos es uno de sus muchos objetivos. Así pues conoceremos el testimonio de Adrían quien es el tesorero del grupo más de dos años y medio.
Es agricultor desde hace más de diez años, sus padres le cedieron una tierras lo cual aprovecha en sembrar alfalfa es lo que más produce y obtiene mayor rentabilidad porque se cosecha hasta seis veces al año. Como todo padre quiere darles lo mejor a sus dos hijos de 11 y 6 años adicionó en cultivar frutas como manzana, membrillo y algunos tubérculos como choclo, arvejas, espinaca, papa. Para ello necesitó del préstamo para la compra de semillas, fertilizantes, pesticidas, abono foliares, herbecidas. Los productos son vendidos a los compradores del mercado mayoristas.
De esta manera Adrián comparte los gastos con su esposa en educar a sus niños, vestimenta, alimentación, así mismo llegó a adquirir algunos electrodomésticos que antes no tenían de las ganancias de sus ventas como televisor, DVD, equipo de sonido. Hubo un momento que debido a los inesperados desastres naturales provocó un huayco en la zona que dificultó el transito por tres día a los camiones (compradores mayoristas) teniendo que rematar la mercadería de tubérculos a fin de recuperar algo de la inversión. El crédito que necesita es para comprar la semilla, abono, hacer instalaciones de alfalfa, contratar a peones para el arado y riego de la tierra. Trabajar así permite no faltar en la economía para su hogar.
About EDAPROSPOEDAPROSPO 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.
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Success!! The loan was 100% repaid