Hanniveth has been working her clothing business for four years. Despite not having a permanent place to sell her products, things are going well. She began offering clothing to her friends and family and as time passed she became known the quality of her products and for the ease of payment terms to her buyers. She has many customers now and her business has grown. The good thing about her work is that she can manage her time in a way that allows her to spend more time with her children and not neglect them. She wants to expand her business later and start a clothing store in her home so that she can sell directly to the public. She will use the money from this loan to buy adult clothing, such as sweaters, pants, polo shirts, etc. Hanniveth is a member of the “SAN JUDAS TADEO group, maD. up of eight members. She is the treasurer and she wants to keep working.
Hanniveth ya tiene 4 años trabajando en su negocio D. ropa, a pesar D. no tener un lugar estable donD. vender sus productos le va muy bien; ella empezó ofreciendo ropa a su misma familia y conocidos al pasar el tiempo se hizo conocida por la calidad D. sus productos y por las facilidades D. pago a sus compradores, actualmente sus clientes son muchos y su negocio ha crecido, lo bueno D. su trabajo es que pueD. manejar su tiempo esto le permite compartir mas tiempo con sus hijos y no descuidarlos, mas adelante quiere extender su negocio y poner una tienda D. ropa en su misma casa para que pueda vender directamente al publico con el dinero D. su préstamo comprara ropa para adultos como chompas, pantalones, polos etc. Hanniveth integra el grupo “SAN JUDAS TADEO” que lo conforman 8 socias, ella es la tesorera D. grupo y esta deseosa D. seguir trabajando .
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.