Elizabeth is part of the Communal Bank "Hope for the future," made of up 8 people, both men and women, who are all responsible and hard-working. Elizabeth is 19 years old and is single. She currently lives with her parents and she works buying and selling products like cakes, candies, nougats, and assorted breads. She has been working in this area for more than one year. Thanks to this business she has been able to pay for her schooling, since she has told us that she is in the University pursing a degree in International Business. Elizabeth is a young hard-working woman, and her greatest desire is to finish her career, and we know that with much effort she will be able to accomplish that. With the loan that she is requesting she will invest in her business buying products such as candies, nougats, speciality breads, cream puffs, and cakes and thus be able to offer them to her clients. The communal bank "Hope for the Future" is thankful for the loan offered.
Elizabeth es integrante de la Alcancía Comunal “Esperanza para el futuro” grupo conformado por 08 personas entre hombres y mujeres responsables y trabajadores. Elizabeth tiene 19 años de edad es soltera y actualmente vive con sus padres, ella se dedica a la compra y venta de productos como queques, alfajores, turrones, panes entre otros, la cual lleva trabajando de esta manera hace mas 01 año, gracias a este negocio a podido aportar con sus estudios ya que nos comenta que está en la universidad siguiendo la carrera de Administración y Negocios Internacionales. Elizabeth es una joven empeñosa que su mayor deseo es de terminar satisfactoriamente su carrera y sabemos que con mucho esfuerzo lo va a conseguir. Con el crédito que solicito va a invertir en su negocio comprando productos como alfajores, turrones, piononos y queques y así poder ofrecer a sus clientes. La Alcancía Comunal “Esperanza para el Futuro” agradece el crédito brindado.
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.