Paulina is 53 years old, married and has three children. Her husband works as a lathe operator and she has a food business. When she started out, she only had a small cart which she wheeled through different neighborhoods. After a while, she managed to buy a larger, three-wheeled cart, a display case and some benches, and set up her business just outside her house. There she prepares a variety of different foods such as picarones, 'cachangas' (a bread-like fried dough) and 'yuquitas' (yucca fries) which she sells to customers. Thanks to this work, she has been able to pay for one of her daughter's studies. However, in the future, she would like to find larger premises where she can set up her business. On this occasion, Paulina will use her loan to buy cooking utensils and some new pans as the ones she currently uses are worn. Paulina's community bank is called 'Solidaridad' (Solidarity). She has been a member for five years.
* In the photo, Paulina is sitting down wearing a black sweater and white blouse.
La Sra. Paulina de 53 años tiene 03 hijos es casada y su esposo trabaja como tornero, ella tiene un negocio de venta de comidas cuando empezó solo tenía una carreta pequeña con la que se movilizaba por diferentes zonas, después de un tiempo logro comprarse un triciclo más grande, una vitrina y algunas banquitas. el negocio lo instalo en la puerta de su casa, allí prepara variados potajes como picarones, cachangas y yuquitas los que ofrece a los consumidores que acuden al lugar, gracias a su trabajo es que ha podido pagar los estudios de una de sus hijas, para más adelante quiere buscar un lugar más grande donde poner su negocio esta vez usara su préstamo para comprar utensilios de cocina y algunas ollas deterioradas, la alcancía que integra es “SOLIDARIDAD” donde es socia cerca de 5 años.
*Paulina aparece en la foto sentada y viste chompa negra y blusa blanca
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.