Ms. Irene is divorced, has one school-aged son, and is a member of the "Virgen del Carmen de Morón" communal bank, which has seven members who work in various economic activities. For the last three years, Irene has worked selling clothing and gifts in a store. This business had its roots in her divorce, as she had to work to take care of her son, so she started selling clothing in the street. Little by little, she built up some capital and set up her clothing store. Irene explains that she has gained everything she has through a great deal of work and perseverance, and that her son was her motivation. Her desire to succeed was greater than her problems, and thanks to her efforts and dedication, she achieved greater profits, her son attends a private school, and above all, she and her son have a better quality of life.
With the goal of continuing to grow, Irene is requesting a new loan to buy merchandise (t-shirts, pants, shirts, etc.). EDAPROSPO knows that Irene will achieve her goals through her hard work and effort, and that the loans she receives through EDAPROSPO will help her.
La Sra. Irene es divorciada, tiene 1 hijos en edad escolar, actualmente es integrante en la alcancía comunal “Virgen del Carmen de Morón” grupo conformado por 7 socios que se dedican a diversas actividades de comercio. Irene trabaja desde hace 3 años en la venta de prendas de vestir y venta de regalos en una tienda, este negocio surge a raíz de su divorcio, ya que ella tenía que trabajar para mantener a su hijo y es así que empezó vendiendo ropa en la calle, poco a poco se hizo de un capital, puso su tienda de ropa. Irene nos cuenta que todo lo consiguió con mucho trabajo y perseverancia ya que su motivación eran su hijo y sus deseos de superación eran más grandes que sus problemas, gracias a su esfuerzo y dedicación a logrado mejores ingresos económicos, su hijo va a una escuela privada, y sobre todo ella y su hijo tienen una mejor calidad de vida, con el fin de seguir creciendo a solicitado un nuevo préstamo para comprar mercaderia (polos pantalones camisas etc), Sabemos que Irene cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de 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.