Señora Miryam is separated and has two school-age children. Now she has assumed the responsibility of president of the communal bank "Nueva Integración," a group that is formed by 9 members who work at different business activities. Miryam has worked for three years in making and selling wine. This business followed from her divorce, since she needed to support her daughters and care for them. She worked very hard to give a better quality of life to her daughters, and thanks to her effort and dedication she has built her home, her daughters have a good education, and in turn, she has a greater income. With the goal of continuing to grow, she has applied for a new loan to purchase merchandise and enlarge her wine business. Miryam will fulfill her goals with much work and effort, and the loans from Edaprospo will help her.
La Sra. Miryam es Separada y tiene 2 hijos en edad escolar, actualmente asume el cargo de presidente en la alcancía comunal “Nueva Integración” grupo conformado por 9 socios que se dedican a diversas actividades de comercio. Miryam trabaja desde hace 3 años en la elaboración de vino y venta, este negocio surge a raíz de su divorcio, ya que ella tenía que mantener a sus hijas y cuidarlas. Trabajo muy duro para darle una mejor calidad de vida a sus hijas y gracias a su esfuerzo y dedicación a construido su casa, sus hijas tienen buena educación y a su vez mayores ingresos, con el fin de seguir creciendo a solicitado un nuevo préstamo para comprar mercadería y ampliar su negocio de vinos. Miryam 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.