Alejandra is 47 years old, separated, and has two adult children. She has been a client of Edaprospo for seven years and works selling food in a private school. She also sells Esika, Avon and Unique brand cosmetics. She has been making these sales for 25 years. Alejandra started out with the idea of selling these beauty products in order to increase her income because she didn't have enough money to cover her expenses. As a result of her efforts and hard work, she is now able to cover her household expenses and is able to pay off any debts that she has. In the past, she was a housewife but she started making these sales because she had to meet her family's needs. She used the loan to purchase cakes, cookies, snacks and ornaments that she will sell inside the school. Alejandra is a member of the 'Los Siervos de Jesús' (Servants of Jesus) community bank which has five members. She has been the group's president for more than one year. She is the person sitting on the far left of the photo, wearing a white blouse.
La Sra. Alejandra tiene 47 años de edad, es separada y tiene 2 hijos los cuales ya son mayores de edad, tiene 7 años como clienta de Edaprospo, y como actividad principal trabaja de concesionaria en un colegio particular; además se dedica a la venta de cosméticos de la línea Esika, Avon y Unique, con el cual ya tiene 25 años realizando estas ventas. Alejandra comenzó con la idea de vender estos productos de belleza para aumentar sus ingresos ya que no le alcanzaba el dinero para cubrir sus gastos. Actualmente con su esfuerzo y trabajo puede solventar los gastos en su hogar, y puede pagar las deudas que tiene pendientes. Anteriormente era ama de casa pero la necesidad de su familia la motivo a realizar esas ventas. Ella usó el préstamo en la compra de más productos como queques, galletas, piqueos y diversos adornos que venderá en el puesto que tiene dentro del colegio. Alejandra pertenece a la alcancía comunal “Los Siervos de Jesús” el cual esta conformado por 5 personas y lleva más de 1 año como presidenta del grupo. Ella es la persona ubicada al lado izquierdo de la foto vestida con una blusa de color blanco.
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.