Thamy is 32 years old, single and has two children who depend on her. She has been a client of Edaprospo for four years, and she has been selling glasses and cosmetics for approximately three years.
She started with the idea of increasing her income and, at the same time, improving her quality of life. With her effort and work she managed to build her home and she has been able to educate her two young children. Currently, she uses her income to cover all the household expenses, since she is the only person supporting her home. Her plan for the future is to buy a car to distribute her products.
Thamy used the loan to buy merchandise for her business, because at this time her sales tend to increase because of the National Holidays. She belongs to the communal bank "Mujeres Empresarias", which consists of ten people and she has held the position of president for four months.
Thamy de 32 años de edad, es soltera y tiene 2 hijos los cuales dependen de ella. Lleva 4 años como cliente de Edaprospo y se dedica a la venta de lentes y cosméticos desde hace 3 años aproximadamente. Comenzó con la idea de incrementar sus ingresos y así también mejorar su calidad de vida. Con su esfuerzo y trabajo ha logrado construir su casa y ha podido dar educación a sus 2 pequeños hijos. Actualmente su ingreso lo destina a cubrir todos los gastos de casa, ya que es la única persona que solventa su hogar. Su plan para el futuro es comprarse un auto para que distribuya sus productos. Thamy usó el crédito en la compra de mercadería para su negocio, ya que en estas fechas sus ventas tienden a incrementarse por las celebraciones de Fiestas Patrias. Ella pertenece a la alcancía comunal “Mujeres Empresarias”, el cual está conformado por 10 personas y lleva el cargo de presienta desde hace 4 meses.
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.