Luz Y Prosperidad Group
Julia, 39, is President of the “Luz y Prosperidad” (Light & Prosperity) communal bank which has been working with Edaprospo-Prosperidad for over a year. It has been in existence for four years and has nine members that got to know each other because they are neighbors. They called it “Luz y Prosperidad” simply because the entire group liked the name.
Julia is a single mother living with her partner. She supports her three minor daughters. She started off selling snacks but has for a year now been working as a street vendor selling clothes. This is how she supports her three daughters together with her partner who also contributes to household expenses which are food, schooling, etc.
Julia would like to have working capital to rent a stand in her local market to sell from there and continue to get ahead like the hard working person she is.
Julia tiene 39 años de edad lleva el cargo de presidenta de la alcancía comunal “luz y prosperidad” el cual tiene ya mas de 1 año trabajando con Edaprospo-Prosperidad esta y esta conformada hace 4 años por 9 personas que llegaron a conocerse por que son vecinos y le pusieron el nombre de “Luz y Prosperidad” simplemente por que todo el grupo les pareció bien el nombre.
Julia es madre soltera convive con su pareja y mantiene a sus 3 hijas que son menores de edad Julia comenzó vendiendo golosinas ahora tiene 1 año vendiendo ropa (AMBULANTE) de esa manera puede mantener a sus 3 hijas junto a su pareja que le tanbien aporta a los gastos del hogar los cuales son Comida, Estudios, ETC Julia quisiera tener un capital de trabajo para poder alquilar un puesto de vende en el mercado de su localidad y así siguir adelanta como la persona trabajadora que es.
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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