Evelyn is 25 years old and lives in Zone A in Huaycan. She is single and has worked with Edaprospo for a year and a half. She is part of the "Paz y Bien" [peace and wellness] Group which is maD. up of nine friends and neighbors. The group's name comes from the members' wishes for peace and wellness for everyone. The group has been around for six months. For five years, Evelyn has worked selling clothing in order to support herself and to save money. In the future, she hopes to form her own clothing store and is planning to use her loans in order to increase her merchandise and reach her goals. However, in order to do this, she needs Edaprospo to help her with the authorizations.
Evelyn tiene 25 años y vive en la Zona “A” D. Huaycan, está soltera y trabaja con Edaprospo desD. hace 1 año y medio, forma parte del Grupo “Paz y Bien” el cual está conformado por 9 amigas y vecinas que han puesto el nombre al grupo debido a los deseos del grupo para cada una, además el grupo lleva 6 meses D. haberse conformado. Evelyn trabaja desD. hace 5 años vendiendo ropa para sustentarse ya ahorrar, en el futuro espera poner su propio local D. venta D. ropas y piensa utilizar sus préstamos para aumentar su mercadería y alcanzar sus metas, pero para esto necesita que Edaprospo le ayuD. con las habilitaciones.
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.