Liz from the "Reyna de Los Angeles" ["Queen of the Angels"] group is a single mother with a 6-year-old daughter who was her motivation to get ahead. She worked in a natural products business and from there emerged the idea of forming her own business in her house, to which she dedicates 10 hours a day. In this way she is able to spend more time at the side of her small daughter. She feels very happy and proud for having accessed the loan that EDAPROSPO and Kiva have granted her in order to be able to make her business grow. "Thank you for the support and confidence in us and for helping us get ahead as women and mothers," Liz says. Liz is the woman wearing a white shirt and light blue jeans.
LA SRA.LIZ DEL GRUPO "REYNA DE LOS ANGELES" ES MADRE SEPARADA CON UNA HIJA DE 6 AÑOS,LA CUAL FUE SU MOTOR DE LUCHA PARA SALIR ADELANTE,ELLA TRABAJABA EN UNA EMPRESA DE PRODUCTOS NATURALES Y AHI NACIO LA IDEA DE FORMAR SU PROPIO NEGOCIO EN SU CASA A LA CUAL SE DEDICA 10 HORAS DIARIAS, ASI PUEDE PASAR MAS TIEMPO AL LADO DE SU PEQUEÑA HIJA, ELLA SE SIENTE MUY FELIZ Y ORGULLOSA DE HABER ACCEDIDO DEL PRESTAMO QUE EDAPROSPO Y KIVA LE HAN OTORGADO Y ASI PODER HACER CRECER SU NEGOCIO.
"GRACIAS POR EL APOYO Y CONFIANZA HACIA NOSOTRAS Y AYUDARNOS A SALIR ADELANTE COMO MUJER Y MADRE" DICE LIZ. LA SRA LIZ ES LA QUE VISTE POLO BLANCO Y JEANS CELESTE.
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.