Elizabeth has two children and is a member of the "Trabajando para el Futuro" ("Working for the Future") Communal Bank, which has seven members who work in various commercial activities. Elizabeth has been selling and making wallets in her own workshop for four years. She works very hard, together with her husband. Today she has loyal customers and her business keeps growing. Thanks to her effort and dedication, she is earning more, her children go to school, and above all, they enjoy a better quality of life. With the goal of continuing to grow, Elizabeth is requesting a new loan to buy a machine for mending wallets. Elizabeth will reach her goals through a lot of work and effort and thanks to EDAPROSPO and Kiva.
La Sra. Elizabeth tienes 2 hijos, actualmente es integrante en la alcancía comunal “trabajando para el futuro” grupo conformado por 7 socios que se dedican a diversas actividades de comercio. Elizabeth se dedica a la venta y confección de billeteras en un taller propio, desde hace 4 años. Elizabeth trabaja muy duro junto a su esposo, hoy en dia tiene clientes fidelizados y su negocio sigue creciendo, gracias a su esfuerzo y dedicación a logrado mejores ingresos económicos, sus hijos van a la escuela y sobre todo cuentan con una mejor calidad de vida , con el fin de seguir creciendo a solicitado un nuevo préstamo para comprar una maquina para remallar billeteras. Elizabeth cumplirá sus metas con mucho trabajo y esfuerzo. Agradece a Edaprospo y kiva.
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.