Margarita is a member of the communal bank “Trabajando Para El Futuro” [“Working for the Future”], which is made up of six responsible people all dedicated to their different commercial activities. Margarita has worked for 10 years now selling food near a school, the students of which are her principal customers. At the moment she is using her income to cover household expenses and the ingredients she needs for her business. Margarita is a very hardworking mother who, with a lot of effort, has been able to provide for her family. Her greatest wish is to see her children established in careers. Margarita will use this loan to buy ingredients such as potatoes, rice, oil, salads and sugar. Margarita is 57 years old, separated, and has four children. She continues to support one of her children.
The “Trabajando Para El Future” group is grateful for this loan. Margarita can be seen at the back of the photograph, the first from the left, wearing a light blue polo shirt with a brown vest and red pants. Gloria was not able to be present because of work reasons.
Margarita es socia de la Alcancía Comunal “Trabajando Para El Futuro” la cual lo conforma 06 personas responsables dedicadas a distintas actividades comerciales. Margarita lleva más de 10 años dedicándose a la venta de comida en las afueras de un colegio, siendo sus mayores clientes alumnos del colegio. Actualmente sus ingresos lo destinan para cubrir los gastos del hogar e insumos de su negocio. Margarita es una madre trabajadora que con mucho esfuerzo ha logrado sacar adelante a su familia. Su mayor deseo es de ver a sus hijos realizados profesionalmente. Su último crédito lo destinará para la compra de insumos como papa, arroz, aceite, ensaladas y azúcar. Margarita de 57 años es separada y tiene 04 hijos, actualmente sigue apoyando a 01 de ellos. El grupo “Trabajando Para El Futuro” agradecen el crédito brindado. Margarita está ubicada en la parte posterior, es la primera del lado izquierdo viste polo celeste con chaleco marón y pantalón color rojo. Gloria no pudo estar presente por motivo de trabajo.
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.