Quiere Al Niño Group
Norma is a member of the “Quiere al Niño” (Love the Child) communal bank, a nine-member group in a variety of commercial activities. Norma has been selling plastics at wholesale for the last 11 years. Her merchandise is destined for the provinces, that is, she sells it in various departments in Peru.
Norma has requested the loan to buy plastics because at present she has customers in the interior of the country who request this product. Her dream is to have a stand of her own someday to better tend to her customers.
Norma has a spouse and six children. Thanks to her effort and dedication Norma has earned increased income and her children attend school; she’s built her house and bought a piece of land. Norma is very happy with this loan and is grateful to Edaprospo and Kiva.
Norma se dedica a la venta de plásticos al por mayor desde hace 11 años, esta mercadería está destinada para provincia, es decir vende plásticos a diferentes departamentos del Perú.
Norma ha solicitado el préstamo para comprar plásticos, por que hoy en día tiene clientes del interior del país que le solicitan este producto. Su sueño es un día tener un puesto propio, para así poder atender mejor a sus clientes.
Norma es conviviente y tiene 6 hijos. Gracias a su esfuerzo y dedicación, Norma ha logrado mejores ingresos económicos sus hijos van a la escuela , ha construido su casa , se ha comparado un terreno. Norma está muy contenta con este préstamo y agradece a Edaprospo y a Kiva.
About EDAPROSPOEDAPROSPO 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.
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Success!! The loan was 100% repaid