Rosa Elvira, who is 60, is a single and childless. She is a member of the recently formed group "Vencedoras del Pinar". There are seven members, each of whom runs a small business. Rosa Elvira has been selling natural products for over 8 years and this has enabled her to achieve financial independence, organise her time and achieve what most of us would like to do: be her own boss. She very much enjoys her work because it enables her to meet people and increase her clientele. She will use the loan to buy natural products and, by buying them in larger quantities, will get a better price and thereby increase her profit margin.
La Sra. Rosa Elvira, tiene 60 años de edad, es soltera, sin hijos. Ella es socia del grupo recientemente formado "Vencedoras del Pinar" formado por siete socios, cada uno de ellos cuenta un pequeño negocio.
Rosa Elvira, se encarga de la venta de productos naturales,actividad que realiza desde hace mas de 8 años y que le ha permitido tener independencia económica, organizar sus tiempos y lograr lo que la mayoría busca ser su propio jefe. Le agrada mucho éste trabajo ya que puede conocer gente y así aumentar su clientela.
El préstamo recibido lo invertirá en la compra de productos naturales los cuales al adquirir mayor cantidad, tiene un menor precio y así puede conseguir un mayor margen de ganancia.
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.