Lucia is 43 years old, lives with her partner, and has three children. She is currently a member of the 'El esfuerzo es grande' community bank. This group has nine members who work in different business activities. Lucia has been working as an itinerant street vendor, selling sweet treats, for two years. She started this business in order to help her husband with their household expenses so that their family could enjoy a better quality of life. Thanks to her efforts and commitment, she has managed to lay flooring in her house and build rooms, and her income continues to increase. Lucia has requested a new loan to buy supplies (sweet treats). She will achieve her goals with a lot of work and effort and loans from Edaprospo will help her.
La Sra. Lucia tiene 43 años de edad, es conviviente y tiene 3 hijos, Lucia actualmente es socia en la alcancía comunal “El esfuerzo es grande” grupo conformado por 9 socios que se dedican a diversas actividades de comercio. Lucia trabaja como vendedora ambulante de dulces desde hace 2 años, Lucia inicia este negocio con el fin de ayudar a su esposo con los gastos del hogar y que su familia cuente con una mejor calidad de vida, gracias a su esfuerzo y dedicación a hecho piso en su casa y cuartos, y sus ingresos se siguen incrementando. Lucia ha solicitado un nuevo préstamo para comprar insumos es decir dulces . Lucia 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.