Irene has had a small store in her house for more than 15 years. Her business is called "Bodega Yacky." She still remembers that when she arrived in the area, there was no electricity or running water and there were very few houses. Little by little the population grew, and with it the needs of the people. She decided to open a small place in her house and began selling "marcianos," or ice cream, and sodas. Later she stocked up on other things that were requested until now she has a a larger store next to this and she has been able to save and build a house where she is projecting that she will put another store with a grocery mini-market. She would also like to establish another business selling fruit. Currently she is venturing into the sale of beer at wholesale for social events. Irene is happy that thanks to the loans of EDAPROSPO she has been able to see her business grow. With her previous loans she could buy a freezer, display case, and refrigerator - which have been indispensable for her business. With this opportunity she will use her loan to buy beer and continue with the business that she began recently. The group she is a part of is called "Senor D. los Milagros" or "Lord of Miracles" and she is happy to belong to the group.
*Going left to right, Mrs. Irene is the fourth woman of those standing.
Irene tiene una bodega en su casa por mas D. 15 años, su negocio lleva por nombre” BODEGA YACKY” aun recuerda cuando recién llego a su zona D. residencia, era un lugar donD. no había luz ni agua, habían muy pocas casas pero al ver que poco a poco se iba poblando y la necesidad D. la gente aumentaba decidió implementar en su casa un lugarcito, empezó vendiendo marcianos (helados) y gaseosas después se abasteció D. otras cosas según le iban pidiendo, logrando así en la actualidad tener una bodega mas granD. junto a esto ha podido ahorrar y construir su casa donD. esta proyectando instalar otra tienda para poner una bodega minimarket y también quiere concretar otro negocio D. venta D. frutas. Actualmente esta incursionando en la venta D. cervezas al por mayor las que reparte para actividades sociales, Irene se siente feliz por que gracias a los prestamos D. EDAPROSPO ella ha visto crecer su negocio con sus anteriores prestamos pudo comprarse una congeladora, exhibidora y refrigeradora lo que es indispensable para su negocio, en esta oportunidad usara su préstamo para comprar cervezas y seguir en el negocio que hace poco ha iniciado ,el grupo que ella conforma se llama “SEÑOR D. LOS MILAGROS” y esta feliz D. pertenecer al grupo .
*a Sra. Irene es la cuarta D. las paradas(D. izq.a derecha)
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.