Norma is 48 years old, has six children, and is a member of the community bank "Quiere al Niño," which is made up of nine members who all making a living in various trades and businesses. Norma works selling plastic items in bulk, and has worked in this trade for 10 years. She sells her products in various departments of Perú.
Norma started her business with the goal of improving her family's quality of life. Thanks to her hard work and dedication, she has generated some income to help send her children to school, buy some land and build a house for her family. She is requesting this new loan in order to purchase plastic items to stock her business. She hopes that, through her hard work and effort as well as the support from loans, she will be able to fulfill her goals.
La Sra. Norma es conviviente, tiene 48 años de edad y tiene 6 hijos, actualmente es socia en la alcancía comunal “Quiere al Niño” grupo conformado por 9 socios que se dedican a diversas actividades de comercio. Norma se dedica a la venta de plásticos al por mayor desde hace 10 años este, esta mercadería está destinada para provincia, es decir vende plásticos a diferentes departamentos del Perú, Norma inicio este negocio con la idea de ofrecerle una estabilidad a su familia, gracias a su esfuerzo y dedicación a logrado mejores ingresos económicos sus hijos van a la escuela , ha construido su casa , se ha comparado un terreno, Norma a solicitado un nuevo préstamo para comprar plásticos. Norma 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.