Maria Auxiliadora Group
Eleodora and Juan are natives of the city of Huancavelica. They moved to Huancayo because Juan is a builder and hopes to find work in his field. There were no good work opportunities in Huancavelica.
Eleodora has worked for the last two years selling vegetables in the "Malteria" market in Huancayo. Her work day begins at four in the morning. She selects vegetables to buy at the wholesale market. She takes her purchases to her stall, where she sells them at retail. During the afternoon, she sells boiled corn kernels with cheese and chili pepper in the areas surrounding the market. Thanks to the effort maD. with their husbands, the women have been able to acquire a plot where they can build a house.
(In the photo, Eleodora is in the center and is wearing a "Huanca" hat.)
The loan will be used to increase vegetable sales.
ELeodora y Juan son oriundos D. la cuidad D. Huancavelica; ellos se mudaron a Huancayo por motivo del trabajo que realiza Juan como albañil, buscando progresar; ya que en Huancavelica no tenian mayores posibilidades.
Eleodora Q. se dedica desD. hace 2 años a la venta D. verduras en el mercado "Malteria" en Huancayo. Su jornada D. trabajo empieza a las 4 D. la madrugada hacia los productores mayoristas, donD. selecciona los vegetales a comprar, D. allì los traslada hacia su puesto - secciòn verduras, donD. los venD. al menudeo. Por las tardes se dedica a vender choclos sancochados con queso y ajì por los alrededores del mercado. Gracias al esfuerzo conjunto D. estos esposos, han podido adquirir un terreno donD. podràn construir su casa.
(En la foto Eleodora es la persona que se encuentra en el centro y lleva un sombrero "Huanca")
El prèstamo lo usarà para incremento D. capital para aumentar la venta D. verduras.
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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