Amelia is 27 years old, has a live-in partner, and has two school-aged children. She is currently a member of the Mujeres del Sol Communal Bank, which consists of 14 people who work in different areas of business. Amelia works at a grocery store that she opened 10 days ago where she sells groceries, candy, and soda. She began this work because her first son is starting high school and she wants to proviD. her children with the best. Amelia has an unending desire to get ahead in life and her dream is to have a larger grocery store and sell at wholesale. However, her most important dream is to see her two children be professionals. This is the first loan that EDAPROSPO is granting to her and thanks to this loan, she started her business. We know that Amelia will meet her goals with a lot of work and effort, and that the loans from EDAPROSPO will help her.
La Sra. Amelia es conviviente, tiene 2 hijos en edad escolar y tiene 27 años D. edad, actualmente es socia en la alcancía comunal “Mujeres del Sol” grupo conformado por 14 socios que se dedican a diversas actividades D. comercio. Amelia trabaja en una bodega donD. venD. abarrotes, dulces, gaseosas, y lo inauguró hace 10 días, este trabajo surge a raíz D. que su primer hijo entra al colegio por primera vez y es así su deseo D. brindarle lo mejor a sus hijos y su deseo D. superación D. Amelia no tiene limites, Su sueño D. Amelia es tener una bodega más granD. y vender al por mayor pero lo mas importante es ver a sus dos hijos profesionales, este es el primer préstamo que Edaprospo le otorga, y gracias a ello puso su negocio. Sabemos que Amelia cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos D. Edaprospo le ayudaran.
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.