Sofía, forty-six, is separated and has four children, two of whom are still dependent. She's been an Edaprospo client for three years. She has been selling soft drinks and beer for ten years. She started out selling soft drinks to people playing on sports fields in front of her house. Her future plan is to expand her business. She bought a plot of land where she's thinking about building her shop. She belongs to the "“Las Emprendedoras de la Q” communal bank, which has six members and was formed on the initiative of one of her neighbors. Sofía has been president of the group for eight months. She plans to use her loan as working capital so she can buy merchandise; she wants to demonstrate that she is enterprising enough to overcome on both the personal and family levels.
Sofía de 46 años de edad es separada y tiene 4 hijos de los cuales 2 aún son dependientes. Tiene 3 años como socia de Edaprospo y se dedica a la venta de gaseosa y cerveza, negocio con el cual lleva alrededor de 10 años y que comenzó con la venta de gaseosa para las personas que jugaban en una loza deportiva ubicada frente a su domicilio. Su plan para el futuro es expandir su negocio, ya que compró un terreno en donde piensa construir su local. Ella pertenece a la alcancía comunal “Las Emprendedoras de la Q”, el cual está conformado por 6 personas, y que se formó por la invitación de una de las vecinas. Tiene 8 meses como presidenta del grupo y piensa usar el préstamo como capital de trabajo para la compra de su mercadería, ya que quiere demostrar el emprendimiento que ella tiene para poder sobresalir adelante tanto a nivel personal como familiar.
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.