Señora Lucinda is president of the communal bank “Los Girasoles” (The Sunflowers), which has 7 members and has been working with Edaprospo for 2 years. She is 43 years old and lives with her partner. She has 3 children who are 22, 20 and 18 yeras old. She has worked in her small grocery store, called “La Cabañita” (The Little Cabin), for 15 years. She opened the store in order to help her husband after an accident that left him disabled. The grocery helps to sustain her household. Thanks to the help of her Parrish, she was able to start the business. And it keeps growing with the help of Edaprospo. Sra. Lucinda hopes that Edaprospo can help improve the quality of life of each of the members of the communal bank.
La señora Lucinda es la presidenta del grupo “Los Girasoles” que tiene 7 miembros y 2 años trabajando con Edaprospo, tiene 43 años y esta conviviendo, tiene 3 hijos D. 22, 20 y 18 años. Ah trabajado por 15 años en su bodega llamada “La Cabañita”, la cual inicio para ayudar a su esposo después D. su accidente, lo cual lo dejo invalido. Gracias a la ayuda D. su parroquia ella inicio este negocio y sigue agrandando con la ayuda D. Edaprospo. La bodega ayuda el mantenimiento D. su hogar. Ella espera que Edaprospo ayuD. a mejorar la calidad D. vida D. cada uno D. los miembros del grupo.
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.