Elvira is married common-law and she has 2 school-aged children. She is 33 years old and she is a member of the communal bank named "New Hope". The group is maD. up of 11 members who are involved in a variety of business activities. Elvira has been selling prepared foods at a stand in the market for the past 4 years. This business came about because her husband's income was not enough to cover the basic household expenses, including utilities, education, and food. Elvira started her business from a wish to move forward and to proviD. the best for her children. Thanks to her effort and dedication she has earned a better income. She has built her house and her children are in private school, but above all they enjoy a better quality of life. The loan that was granted to her was to purchase merchandise. We know that Elvira will achieve her goals through hard work and effort and the loans from Edaprospo (Kiva Field Partner) will help her do that.
La Sra. Elvira es conviviente, tiene 2 hijos en edad escolar y tiene 33 años D. edad, actualmente es integrante en la alcancía comunal “Nueva esperanza” grupo conformado por 11 socios que se dedican a diversas actividades D. comercio. Elvira trabaja desD. hace 4 años en la venta D. comida en un puesto en el mercado, este trabajo surge a raíz D. que el sueldo D. su esposo no alcanzaba para cubrir los gastos básicos D. su hogar , servicio, educación , alimentación, es asi que Elvira pone su negocio con el deseo D. salir adelante y darle lo mejor a sus hijos, gracias a su esfuerzo y dedicación a logrado mejores ingresos económicos, ha construido su casa, y sus hijos reciben educación privada y sobre todo tienen una mejor calidad D. vida . El préstamo que se le otorgo fue para comprar mercadería. Sabemos que Elvira 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.