Mrs. Rosa Gladys is 50 years old and lives in Chaclacayo, she is married and has two children. She has been selling juices and salads for the last 5 years and for the past year she has been Secretary of the “Prosperidad Leal” (Loyal Prosperity) Group which has been working with Edaprospo for one year, She is happy with her source of soda called “SIWASE” and recently she has installed a counter for selling cakes and sweets. Together with her neighbors in the area, friends and responsible ladies they have got together to achieve, with the help of Edaprospo, their goals and they hope to improve their way of life and, in particular Gladys hopes to be able to set up another stall.
La Sra. Rosa Gladys tiene 50 años de edad es Secretaria del Grupo “Prosperidad Leal”, vive en Chaclacayo, es casada y tiene dos hijos, vendía jugos y ensaladas, de esto ya hace 5 años, lleva 1 año trabajando con Edaprospo, Ella esta contenta con su fuente de soda llamado “SIWASE”, no obstante últimamente ha implementado un mostrador para la venta de pasteles y dulces. Junto a sus vecinas de la zona, amigas y señoras responsables se han unido para alcanzar con la ayuda de Edaprospo sus metas y esperan mejorar su forma de vida y en particular la señora Gladys espera poder poner otro local, el prestamo que ha recibido estara destinado para la compra de insumos.
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.