Isidora has 4 children, is in a common-law marriage, and has worked with Edaprospo for 1 year. She is a member of the “Los Angeles Leales” [“the Loyal Angels”] group. The group is made up of 10 members who make a living from different commercial activities. Isidora works selling meat and vegetables at a stall in the market. She took up this work so she could earn more income and help her children, and over time she has developed a loyal customer base. Thanks to her effort and dedication she has managed to give her children a better quality of life, and has provided them with an education. She wants her business to continue to grow, and so she has asked for a new loan to purchase meat and vegetables. Isadora will achieve her goals with much work and effort, and with help from Edaprospo’s loans.
La Sra. Isidora, tiene 4 hijos es conviviente y lleva trabajando con Edaprospo desde hace 1 año, Isidora es integrante del grupo “Los Angeles Leales”, grupo conformado por 10 socios que dedican a diversas actividades de comercio. Isidora trabaja en la venta de carnes y vegetales en un puesto en le mercado este trabajo surge con la idea de obtener mejores ingresos y ayudar a sus hijos, con el tiempo ya cuenta con clientes fidelizados, gracias a su esfuerzo y dedicación a logrado mejorar la calidad de vida de sus hijos, brindándoles educación y con el fin de seguir creciendo a solicitado un nuevo préstamo para comprar insumos carne y vegetales. Isidora 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.