María is a single, 41-year-old mother of 2 children. She currently lives with her youngest son, whom she supports financially. María started her business 15 years ago, thanks to her brother’s help. She has a kiosk in the local market where she works every morning, attending to her clientele who come to her looking for fresh meat. In addition, in the afternoons she runs another business from her house: a library bazar that she inaugurated one year ago. There she sells all sorts of school supplies and gifts. The loan she has requested from EDAPROSPO will be of much use to her because she wants to buy toys for the Christmas season. Her biggest wish in her life is to expand her business and continue investing in merchandise so she can serve more clients.
María is thankful for the support she has received from the KIVA investors because they make her dream a reality.
*María is wearing a red and grey striped sweater.
María de 41 años es soltera y tiene 02 hijos, actualmente vive con su hijo menor al que apoya económicamente. María empezó su negocio hace 15 años, gracias a la ayuda de su hermano, actualmente ella tiene un puesto en el mercado de su zona, donde trabaja por las mañanas atendiendo a su clientela que acude a su puesto en busca de carne fresca. Por otro lado en las tardes se dedica a otro negocio que tiene en su casa una la librería bazar que ha inaugurado hace 01 año, allí vende todo tipo de útiles escolares y regalos el préstamo que EDAPROSPO le ha otorgado será de mucha utilidad porque quiere comprar juguetes para las fiestas navideñas, su mayor sueño en la vida es ampliar su negocio y seguir invirtiendo en mercadería para poder atender a mas clientes.
María agradece el apoyo de los inversionistas KIVA porque hacen su sueño realidad.
*María esta vestida con chompa a rayas rojo y plomo.
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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