Isabel is a widow, she is 60 years old and she has 2 children. Currently, she is a member of the communal bank Los Ángeles [The Angels] which consists of 12 members who make a living in diverse business activities. Isabel makes a living selling food at a stall in the market.
Isabel started selling out of a cart, and now she already has tables and chairs to sell her food. She also sells sodas. Isabel has worked in this business for 35 years and now she has faithful customers. Thanks to her effort and dedication, she has improved her house and her children got an education.
Isabel is applying for a new loan to buy supplies for the preparation of her food (noodles, milk, etc.) Isabel will accomplish her goals with a lot of work and effort and the loans from EDAPROSPO will help her.
La Sra. Isabel es viuda, tiene 60 años de edad y tiene 2 hijos, actualmente es socia en la alcancía comunal “Los Ángeles” grupo conformado por 12 socios que se dedican a diversas actividades de comercio. Isabel se dedica a la venta de comida en un puesto en el mercado, Isabel empezó vendiendo en carreta ahora ya tiene mesas y sillas para vender su comida, A su vez vende gaseosas Isabel trabaja en este negocio desde hace 35 años, hoy en día ya cuenta con clientes fidelizados, gracias a su esfuerzo y dedicación a, mejorado su casa, sus hijos tuvieron educación. Isabel solicitado un nuevo préstamo para comprar insumos para la preparación de su comida (fideos, leche, etc). Isabel cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de edaprospo la 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.