Elva is a member of the communal bank "Balcon Florido", a group made up of 9 members with different businesses including agriculture and ranching. Elva is 36 years old. She is separated and has 2 children, 1 of whom she still supports. She has worked in ranching for over 10 years, an activity that she learned from her parents who also were in the same line of work. With hard work and dedication, Elva has improved her quality of life and was able to set up a store in her home, as well as purchase more cows. Elva wants to purchase more cows and continue improving her quality of life, and we know that loans from Edaprospo will help her. At this time, she is requesting a loan to purchase more grocery items such as rice, sugar, fideo pasta, and milk to better stock her store. The communal bank "Balcon Florido" is a responsible group and they are thankful for this loan.
Elva es integrante de la Alcancía Comunal “Balcon Florido” grupo que está conformado por 09 socios dedicados distintas actividades comerciales, también a la agricultura y ganadería. Elva tiene 36 años de edad es separada y tiene 02 hijos, actualmente sigue apoyando a 01 de ellos. Hace más de 10 años Elva se dedica a la ganadería, actividad que siguió con el ejemplo de sus padres, ya que también se dedicaban a dicha actividad, con su esfuerzo y dedicación Elva ha mejorado su calidad de vida, pues ha podido instalar una tienda en su domicilio, y también comprar mas vacas. El deseo de Elva es de comprarse más vacas y así seguir mejorando su calidad de vida y sabemos que los préstamos de Edaprospo la ayudaran. En esta oportunidad solicito el crédito para la compra de abarrotes como arroz, azúcar, fideos y leche y de esta manera tener surtida su tienda. La Alcancía Comunal “Balcon Florido” es un grupo responsable, ellos agradecen 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.