Por Siempre Amigas Group
Flor has had a grocery store for years . Her revenue is just enough to maintain her business and doesn't allow her to finance her son's education since he graduated from high school. She comments that with the recieved loan, she will open a small bookstore with her mother's help. She hopes to make greater profits with the bookstore.
For the Christmas holidays Mercedes will take the opportunity to sell Christmas pastries, gifts, wines, and toys to all of her neighbors. With this she hopes to save up enough money so that next year she can rent a stand in the market since buisness has not been going well these past months.
Secretary Graciela sells beauty prodcuts by catalog or orders. She does not make much profit with this buisness. At times she only has enough money to eat once a day since she has to raise her 6 children. In spite of all this she is optimistic and mentions that her children are the reason and the motivation that drive her everyday.
The members are happy with the loans since EDAPROSPO-PROSPERIDAD has helped them much by allowing them to buy wholesale and make greater profits.
Flor tiene una bodega hace muchos años, sus ingresos solo le alcanza para mantener el negocio y no le permite costear los estudios D. su hijo que ya terminó la secundaria, ella nos comenta que con el préstamo recibido abrirá una pequeña librería con la ayuda D. su mama, con el cual espera obtener mayores ingresos.
Por estas fiestas naviD.ñas Mercedes aprovechará en vender panetones, regalos, vinos y juguetes a todos sus vecinos, y espera juntar el suficiente capital para que el siguiente año pueda alquilar algún puesto en el mercado ya que en estos meses no le ha ido bien en su negocio.
La secretaria Graciela venD. productos D. belleza por catalogo a pedidos, en este negocio no tiene muchas ganancias, a veces solo alcanza para comer una vez al día ya que tiene que mantener a sus 6 hijos, pero ella es muy optimista, menciona que los niños son su razón D. ser y el motor que la impulsa todos los días.
Los socios están contentos con los préstamos ya que EDAPROSPO-PROSPERIDAD les ha sido D. mucha ayuda ya que pueden comprar productos en mayor cantidad y obtener mayores ganancias.
About EDAPROSPOEDAPROSPO 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.
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Success!! The loan was 100% repaid