The new communal bank “Camino al Exito” (Road to Success) is made up of 7 entrepreneurial women who each day want to get ahead, and María is one of the members. She is separated, has 2 adult daughters, and currently sells drinks such as beer, mineral water and soft drinks. This business was born from the idea of having her own business because she knew that in this way, she would get more income. Her other work is raising livestock (guinea pigs, chickens, ducks). María is proud that thanks to her effort and perseverance she has been able to educate her daughters and she is also now helping her granddaughter with schooling. At 67 María is confident that she feels comfortable with her efforts in continuing with her work. She will use the requested loan to buy soft drinks, mineral water and beer and so have product to offer her customers. The communal group “Camino al Exito” appreciates the financing offered them.
La Nueva Alcancía Comunal “Camino al Éxito” es un grupo conformado por 07 mujeres emprendedoras que tienen en común mejorar cada día, siendo la Sra. María una de las integrantes. Ella es separada con 02 hijas mayores de edad, actualmente se dedica a la venta de bebidas como cervezas, agua mineral y gaseosas, este negocio nació con la idea de contar con un negocio propio pues sabía que de esta manera tendría mayores ganancias, como actividad segundaria se dedica a la crianza de animales (cuyes, pollo, patos) . María se siente orgullosa pues gracias a su esfuerzo y perseverancia les ha brindado educación a sus hijas, y actualmente apoya a su nieta con su educación. A sus 67 años María asegura sentirse con todas las fuerzas de seguir trabajando. El crédito que solicito lo va invertir en su negocio comprando gaseosas, agua mineral y cervezas, y así tener que ofrecer a sus clientes. La Nueva Alcancía Comunal “Camino al Éxito” agradecen el crédito brindado.
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.