Ms. Irma is a 54-year-old divorced mother of three. She is a member of the Mujeres Forjadoras community bank, a group that is comprised of 10 members who own small businesses. Irma has been making and selling bed sheets, bedspreads, and slipcovers for a living for 24 years. She launched this business because she did not want to depend on her partner since he did not let her work and treated her badly. Consequently, Irma got a divorce and had to support her three children, so she set up the sewing shop in which she currently works. Irma states that it was not easy. She had to knock on some doors and sell her merchandise, but thanks to her dedication and efforts, she has managed to obtain better profits, a better quality of life, and a good education for her children. Her eldest son even has his own business now. This loan is for purchasing livestock (cows and bulls) so that she can sell them; this is a new business that she is planning on getting into. We know that Irma will reach her goals with her hard work and efforts, and that these Edaprospo loans will help her.
La Sra. Irma es divorciada y tiene 3 hijos y tiene 54 años de edad , Irma es integrante de la alcancía comunal “ Mujeres Forjadoras” grupo conformado por 10 socios que se dedican a actividades de comercio, Irma se dedica a la elaboración y venta de sabana, cubrecama y forro de mueble desde hace 24 años , este trabajo surge a raíz de ella no quería depender de su pareja ya que el no la dejaba trabajar y la trataba mal, es así que Irma se divorcio y tenia que mantener a tres hijos y puso su propio taller donde hoy en día confecciona, Irma nos cuenta que nada fue fácil tuvo que tocar puertas y ofrecer sus confecciones pero gracias a su esfuerzo y dedicación a conseguido mejores ingresos económicos, una mejor calidad de vida, sus hijos tienen una buena educación y su hijo el mayor ya puso su propio negocio. El préstamo que se le otorgo fue para comprar Ganado (vacas y toros) para luego venderlos ya que es un nuevo negocio que piensa poner. Sabemos que Irma cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de Edaprospo la 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.