Mrs. Juana is married and has eight children. She is a member of the “Santa Rosa de Lima” Community Bank, a group with eight members that are all businesspeople. For the past eight years Juana has sold clothes from a booth in the market. This work meets the needs of what she wants to achieve, a good income and the ability to buy a house. Thanks to her efforts and dedication, she has good earnings and she bought a house where her family is currently living. They have a better quality of life. Juana told us that nothing is easy but she worked very hard to have the things she has today. With the loan that she is requesting she will buy merchandise and thereby expand her business. We know that Juana meets her goals through much work and effort and that this loan from Edaprospo will help her.
La Sra. Juana es casada y tiene 8 hijos, Juana es integrante de la alcancía comunal “Santa Rosa de Lima ” grupo conformado por 8 socios que se dedican a actividades de comercio, Juana se dedica a la venta de ropa en un puesto en el mercado desde hace 8 años, este trabajo surge a raíz de que ella quería conseguir mejores ingresos y tener su propia casa, es así que gracias a su esfuerzo y dedicación a conseguido mejores ingresos, se compro su terreno donde hoy en día vive con su familia y tienen una mejor calidad de vida Juana nos cuenta que nada fue fácil pero trabajo muy duro para tener lo que hoy en día tiene. El préstamo que se le otorgo fue para comprar mercadería y ampliar su negocio. Sabemos que Juana 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.