Julia has had her grocery store for 18 years, she arranged an area in her home and began selling only soft drinks and saw that people asked for more items she started to stock her business with more merchandise, especially basic household goods. With her business she was able to help her children get an education and settle some basic household debts. Since Julia’s convenience store was the only one in the area she did very well for some time, unfortunately she got sick and could not operate her store, at present, she feels a bit better and wants to start over. The loan will be used to buy merchandize like soft drinks, detergents, and toilet paper; basic household goods are her best sellers. Julia hopes to keep working in her convenience store since it has helped her continue to get ahead. Julia is a member of “The Good Friendship” communal bank, which has 10 members.
*Mrs. Julia is the first person in the picture.
Son 18 años que Julia tiene su bodega, acondiciono un lugar en su casa donD. empezó vendiendo solo gaseosas, al ver que la gente le pedía más cosas fue surtiendo su negocio con mas productos sobretodo D. primera necesidad gracias a su negocio pudo lograr ayudar en los estudios D. sus hijos y solventar algunos pagos D. servicios, debido a que era la única bodega en el lugar le fue muy bien por mucho tiempo, lamentablemente debido a una enfermedad no pudo abrir su negocio durante algún tiempo, ahora un poco mas restablecida quiere empezar nuevamente su préstamo lo utilizara para comprar mercadería entre gaseosas, detergentes, papel higiénico. Productos básicos que tienen más salida, D. esa manera espera poder seguir trabajando en su bodega ya que es D. mucha ayuda para salir adelante, Julia es socia del grupo “LA BUENA AMISTAD” que esta formado por 10 socias.
* La Sra Julia es la primera D. la foto
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.