Nueva Esperanza Group
For more than 2 years, Maria has prepared and sold tamales to people in her community. She tells us that she also, with the help of her husband, has been able to start a small business selling children’s clothes, which has had a positive effect on her and her family for it has enabled her to have extra income.
Sra. Maria is the mother of 6 children and at the age of 58 has been able to get ahead and to provide for her children’s education. With the loan she is requesting she will be able to buy supplies for her sale of tamales such as corn, meat, butter, eggs and olives.
Maria wants to finish working on her house since it needs a new roof and she also wants to have a grocery store where she can sell staples.
The “Nueva Esperanza” Communal Bank is a responsible group and they have not had any problems with payments. She is grateful for the support and the confidence placed in her. Sra. Maria del Rosario could not be present for the group photo because of work obligations.
María se dedica hace mas de 2 años a la preparación y venta de tamales, donde los vende a la gente de su comunidad, pero también nos cuenta que con la ayuda de su conyugue a podido iniciar un pequeño negocio de venta de ropa para niños, la cual es un beneficio positivo para ella y su familia gracias a ello puede contar con un ingreso extra. La Sra. María es madre de 6 hijos y a su 58 años de edad ha podido salir adelante y apoyado en la educación a sus hijos, con el préstamo que ella solicito a podido comprar insumos para su venta de tamales como maíz, carne, manteca, huevo, aceitunas. María desea terminar de construir su vivienda ya que falta techar para así poner una tienda de abarrotes donde pueda ofrecer productos de primera necesidad. La Alcancía Comunal “Nueva Esperanza” es un grupo responsable ya que no han tenido problemas con su pago ellos agradecen el apoyo y la confianza depositada. La sra. María del Rosario no pudo estar presente por motivo de trabajo.
About EDAPROSPOEDAPROSPO 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.
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Success!! The loan was 100% repaid