Marcelina lives with her partner. She is 41 years old and has 4 children. She is currently a member of the “Unidos para Triunfar” [United to Triumph] communal bank. The group is made up of 9 members who work in a variety of commercial activities. Marcelina has been selling track suits for more than one year. Marcelina started this business with little capital and bought a few track suits and sold them from her home. With time Marcelina became a street vendor and she now has loyal customers and her sales have increased. Marcelina started this business with the idea of providing her family with a better quality of life. Because of her hard work and dedication she has achieved improved income and her children go to school. She has also purchased electronic items. Marcelina has requested a new loan to buy track suits. Marcelina will achieve her goals with a lot of hard work and the loans from Edaprospo will help her.
La Sra. Marcelina es conviviente tiene 41 años de edad y tiene 4 hijos, actualmente es socia en la alcancía comunal “Unidos para triunfar” grupo conformado por 9 socios que se dedican a diversas actividades de comercio. Marcelina se dedica a la venta de buzos desde hace un año, Marcelina inicio este negocio con poco capital y compro algunos buzos y los vendia a domicilio, con el tiempo marcelina es vendedora ambulante y cuenta con clientes fidelizados y sus ventas se han incrementado. Marcelina empezó este negocio con la idea de brindarle a su familia una mejor calidad de vida, gracias a su esfuerzo y dedicación a logrado mejores ingresos económicos sus hijos van a la escuela, se ha comprado artefactos eléctricos , Marcelina a solicitado un nuevo préstamo para comprar buzos. Marcelina cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de Edaprospo le ayudaran.
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.