Mrs. Rosalinda is married and has three children. She is a member of the “Cristo Salvador” (Christ the Savior) Community Bank. This group is maD. up of nine members that are businesspeople. Rosalinda rents motor-taxis. In the past five years this business has grown so much that Rosalinda has increased her earnings and provided work for a lot of people. Thanks to her dedication and effort she has purchased furniture, sound equipment and a desk. Her children have had a good education. Above everything, these earnings have improved the quality of life for her children. If it weren’t for her efforts, they wouldn’t have everything that they have today. The loan that she is requesting will be used for motor-taxi maintenance. We know that Rosalinda reaches her goals through much work and effort and this loan from Edaprospo will help her.
La Sra. Rosalinda es casada y tiene 3 hijos, Rosalinda es integrante D. la alcancía comunal “Cristo Salvador ” grupo conformado por 9 socios que se dedican a actividades D. comercio, Rosalinda alquila mototaxi desD. hace 5 años este trabajo surge a raíz D. que ella quería conseguir mejores ingresos y darle trabajo a mucha gente y es así que gracias a su esfuerzo y dedicación se ha comprado muebles, equipo D. sonido, escritorio , y sus hijos tienen una buena educación y sobre todo darles una buena calidad D. vida a sus hijos, por que sin ellos no hubiera tenido la fuerza para conseguir todo lo que hoy en día tiene. El préstamo que se le otorgo fue para darle mantenimiento a sus motos. Sabemos que Rosalinda cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos D. 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.