Señor De Los Milagros Group
Elisa works at her grocery store, located in her own house in the “Q” zone in Huaycán. She has had this store for five years, and it helps support her household. She also works making goods that she knits and handicrafts. She plans to fix up her house by purchasing a pre-fabricated module. In order to do this, she needs to have more merchandise and to sell more. She trusts that Edaprospo will help her a lot with the renovations.
Ella trabaja en su bodega ubicada en su propia casa de la Zona “Q” en Huaycán, lleva 5 años con esta bodega la cual ayuda a sostener su hogar, además trabaja haciendo tejidos y manualidades, espera arreglar su casa comprando un modulo pre-fabricado, pero para esto necesita tener más mercadería y vender más, y confía en que Edaprospo le ayudara mucho con las habilitaciones.
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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