Aurea, 61, is separated and she has 2 children. She is currently a member of the communal bank “La Florida”. a group of 8 members who are active in different businesses. Aurea rents rooms. Her business started with her divorce since she had to stop her hard work to get her children ahead. Thus she requested a loan to build her house and to begin renting. Thanks to her effort and dedication she has succeeded in getting higher earnings, her children have been able to go to school, and she has offered them a better quality of life. Her goal is to continue growing her business and so she has requested a new loan to buy construction materials and complete the architectural finishings on her house. Aurea will fulfill her goals by working hard and putting in a lot of effort. The loans from Edaprospo will help her.
La Sra. Aurea es separada, tiene 2 hijos y tiene 61 años de edad, actualmente es socia en la alcancía comunal “La florida ” grupo conformado por 8 socios que se dedican a diversas actividades de comercio. Aurea se dedica al alquiler de cuartos este negocio surge a raiz de su divorcio ya que tuvo que trabajar muy duro para sacar adelante a sus hijos, es asi que Aurea solicito prestamos para construir su casa y empezar a alquilar, gracias a su esfuerzo y dedicacion a logrado mejores ingresos economicos sus hijos fueron a la escuela y les ofrecio una mejor calidad de vida, con el fin de seguir creciendo a solicitado un nuevo préstamo para comprar materiales y terminar acabados en su casa. Aurea 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.