Madeleine is the proprietor of a convenience store named “RAQUELITA”. She started this business little by little with her mother with a small warehouse. She invested her savings to convert it into what it is now. She also continues with her business of making and selling shoes, which is her main business. With her earnings, she has been able to improve her house's construction and improve the convenience store business. She bought a display case, among other necessary things. What she wants for the future is to have a bigger store and distribute her products wholesale. She knows that one day soon she will meet her goal. The group she belongs to is called “PROSPERIDAD Y ÉXITO”. She has been a member and president of the group for 2 years. She will use the loan to buy products for her store and offer variety to her customers.
* Madeleine is the 5th of the seated women. There are 2 passive members in the photo.
Madeleine es la propietaria D. su propio minimarket que tiene por nombre “RAQUELITA” este negocio empezó poco a poco lo inicio su mama con una pequeña bodega, ella invirtió sus ahorros para convertirlo en lo que ahora es, por otro lado ella continua con su negocio D. fabricación y venta D. calzado que es su negocio principal, con sus ganancias ha podido mejorar la construcción D. su casa y mejorar el negocio del minimarket, compro una exhibidora y otros enseres necesarios, lo que ella quiere para mas adelante es tener una tienda mas granD. y distribuir sus productos al por mayor sabe que algún día cercano lograra su objetivo .El grupo al cual pertenece se llama “PROSPERIDAD Y ÉXITO” lleva 02 años como miembro del grupo y como presidenta, su préstamo obtenido lo usara para comprar productos para su tienda y ofrecer variedad a su clientela.
* LA Sra Madeleine es la 5ta D. las sentadas, en la foto aparecen 2 socias pasivas
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.