Victoria is 40 years old and lives in Los Olivos district in Lima, Peru. She has 3 children and belongs to the “Mujeres Decididas e Independientes” (Determined and Independent Women) group. Her business is cosmetics sales. When she joined the group she only sold some brands of cosmetics but, thanks to the other members of the group who are also in the same business, she has learned more about the business and now she also sells products such as clothes, shoes and beauty accessories. This has increased her profits and she has thereby managed to support her children who are still in school. Her quality of life has also improved.
What Victoria most wants now is to have her own sewing workshop and to put into practice what she has studied. She would like to make sheets, curtains, tablecloths, etc. She will use her loan to buy fabrics so that she can start this new business. She will offer her new products to her existing customers.
* Victoria O. is the fourth woman from the left, sitting down in a purple polo shirt.
La Sra. Victoria tiene 40 años vive en el distrito de los olivos Lima Perú, ella tiene 03 hijos, pertenece al grupo “MUJERES DECIDIDAS E INDEPENDIENTES” El negocio al que se dedica tiene que ver con el rubro de belleza cuando ingreso al grupo solo vendía algunas marcas de cosméticos pero gracias a sus compañeras miembros del grupo que también se dedican a lo mismo pudo aprender mas sobre el negocio ahora no solo vende cosméticos sino también productos como ropa, zapatos y accesorios de belleza. Esto ha incrementado sus ganancias de esa manera puede apoyar a sus hijos que aun están en la escuela y su calidad de vida ha mejorado, lo que mas desea ahora es tener su propio taller de costura y poner en practica lo que ha estudiado quiere confeccionar sabanas, cortinas, manteles etc. su préstamo le va a servir para comprar telas para empezar este nuevo negocio, será su misma clientela a quienes ofrecerá sus nuevos productos.
* La Sra. Victoria O. es la cuarta de las sentadas esta con polo morado.
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.