La Inmaculada Concepcion Group
Feliciana is 36 years old and lives in the district of Huaycán. She is in a common law marriage and has three children who are dependent on her. For the past five years she has managed a grocery store. During this time she has worked with the help of EDAPROSPO. Although she only sold soft drinks at first, Feliciana now sells food products such as cooking oil, milk, soups, and noodles, as well as beauty products. Through this business and with the support of her partner, who works in construction, she is able to proviD. for the daily household needs and pay for her children’s education. She is very happy with her Communal Bank team called “L. Inmaculada Concepción” (The Immaculate Conception), which was formed out of the friendship she has with her neighbors. Feliciana hopes to expand her business, fill her store with more merchandise, and help her friends who also want to develop their businesses.
Feliciana tiene 36 años que vive en L. zona D. Huaycán, es conviviente y tiene 3 hijos que aun dependen D. elL., ya lleva 5 años desD. que puso su Bodega, es el mismo tiempo que tiene trabajando con L. ayuda D. EDAPROSPO y aunque al principio solo vendía gaseosas, ahora también venD. productos alimenticios como aceites, leche, menestras y fideos, además D. productos D. belleza. Con L. ayuda D. este negocio y L. D. su conviviente que trabaja en construcción, sustenta los alimentos del hogar y los estudios D. sus hijos. Está muy contenta D. formar este equipo llamado: “L. Inmaculada Concepción” que se formo a partir D. L. amistad con sus vecinas. ElL. espera agrandar su negocio, llenar más su tienda y ayudar a sus amigas a que también desarrollen su negocio.
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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