Martha is one member of the Karin Communal Bank, which is comprised of eight members who all live in the same district. The group is characterized by it's members' good values and dedication to the work that each pursues. Martha is 49 years old and has two children who depend on her. They are the reason that she decided 15 years ago to start working as a janitor at a medical post. Her job has provided her and her household with a lot of economic stability. Martha started this job as a result of the support she received from her husband, since they could work together this way. The job has given Martha satisfaction because it has financed her children's education as well as improvements to their home. With this most recent loan, she plans to invest in materials to improve her home.
Martha es una de las integrantes de la alcancía comunal Karin conformada por ocho miembros los cuales todos radican en el mismo distrito. Una alcancía con grandes valores y dedicación en cada puesto de trabajo en los que se desempeñan, así se caracteriza este grupo comunal. Martha de 49 años de edad tiene 2 hijos que a un depende de ella por lo cual decidió hace ya 15 años trabajar en limpieza en una posta médica, El cual le ha dado mucha estabilidad económica para ella y para su hogar, ella comenzó en este trabajo a raíz de que recibió el apoyo de su esposo pudiendo así trabajar juntos, este trabajo le ha podido dar satisfacciones como la financiación de la educación de sus hijos y mejoras para su casa. Con el reciente préstamo piensa invertirlo en materiales para mejoras de su hogar.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.