Mrs. Silvia Edith is 47 years old, and married with 4 children who are still under her care. They are her biggest motivation for getting ahead, and paying for their education is the reason she must work. Mrs. Silvia Edith is part of the group, "Trabajando en Grupo", which was recently formed with 7 other people, all of whom have the same goal of improving their lives through work and each other's support.
For the past 10 years she has been working in the sale of beauty products through catalogs. She sells them to friends, neighbors and family members, and she takes advantage of discounted prices when purchasing her inventory. She will use this loan to purchase perfumes, creams and cosmetics to sell.
La Sra. Silvia Edith, tiene 47 años de edad, es casada, tiene 4 hijos que aún están bajo su cargo. Ellos son su mayor motivación para salir adelante y por los que se ve en la necesidad de trabajar para poder cubrir sus gastos de estudios.
La Sra. Silvia Edith, forma parte del grupo "Trabajando en Grupo", que se ha formado recientemente con 7 personas mas, todos ellos con la misma meta, salir adelante mediante el trabajo y apoyo conjunto.
Ella se dedica desde hace 10 años a la venta de productos de belleza por medio de catalogos, ofrece a sus amigos, vecinos y familiares, y aprovecha sobre todo en comprar productos que esten en oferta para su stock.
El prestamo recibido lo invertirá en la compra de perfumes, cremas y cosméticos para su venta.
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.