Bárbara is 47 years old. She is married and she has three children. She participates in the "Women Entrepreneurs" Communal Bank which is made up of 5 women who work hard in solidarity with one another. In order to get ahead and to contribute to her home, Bárbara decided to start her own business. With this in mind she took courses on sewing and design to later start her own sewing business. Now, she has spent 4 years providing this service. She also knits, as a secondary activity to obtain extra income for her family. Her next goal is to create a store for renting costumes so that she can ensure she will obtain greater earnings. She used her previous loan to support her sewing business by buying scissors, fabrics and threads, among other items. The "Women Entrepreneurs" group is grateful for the loans provided to them. Bárbara is the first woman on the left hand side of the photo, she is dressed in a black sweater and she is wearing a scarf.
Bárbara tiene 47 años de edad casada con 03 hijos y actualmente participa en la Alcancía Comunal “Mujeres Emprendedoras” la cual está conformada por 05 mujeres trabajadoras y solidarias. Para salir adelante y poder colaborar en su hogar, Bárbara decide emprender su propio negocio, pues es así como toma unos cursos de corte confección para luego poner su propio negocio de costura, la cual lleva más de 4 años brindando dicho servicio. Como actividad segundaría realiza tejidos, obteniendo un ingreso extra para su familia. Su siguiente meta es de instalar un puesto de alquileres de disfraces, pues así asegura ella tendrá mayores ganancias. Su último crédito lo destinará para la implementar su negocio de costura la cual comprará tijeras, telas, hilos entre otros. El grupo “Mujeres Emprendedoras” agradecen el crédito brindado. Bárbara es la primera del lado izquierdo, viste chompa color negro y lleva una chalina ploma.
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.