Elvia Torres is 58 years old, widowed and has one child. Elvia is currently a member of the communal bank "Jesucristo es mi modelo" or "Jesus Christ is my role model," a group made up of 9 members that engage in various business activities for a living. Elvia sells beauty products at home for a living and at the same time sells food on the weekends. Elvia began this business in the wake of the death of her huband. At this time she wanted to obtain a better quality of life and it is for this that she worked very hard. Thanks to her strength and dedication she obtained better economic income and furniture for her house. Elvia has requested a new loan in order to buy merchandise as she is going to begin selling soda. Elvia will achieve her goals with much work and strength and the loans from Edaprospo will help her.
La Sra. Elvia torres 58 años de edad, es viuda y tiene 1 hijo, Elvia actualmente es socia en la alcancía comunal “Jesucristo es mi modelo” grupo conformado por 9 socios que se dedican a diversas actividades de comercio. Elvia se dedica a la venta de productos de belleza a domicilio y a su vez vende comida los fines de semana. Elvia inicia este negocio a raiz del fallecimiento de su esposo, a su vez queria obtener una mejor calidad de vida es asi que trabajo muy duro, gracias a su esfuerzo y dedicación a obtenido mejores ingresos economicos y muebles para su casa. Elvia ha solicitado un nuevo préstamo para comprar mercaderia ya que va a empezar a vender gaseosas. Elvia 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.