A loan of $1,025 helped a member to buy products and supplies.


Las Violetas Group's story

For many years, Teresa sold different types of food such as tamales, a similar dish called humitas, and other products, but she still was not able to cover the household expenses. But, as she is a very optimisitic and hardworking woman, she invested her money in a business selling candy, and this worked out well and she was able to pay some household debts.She now wishes to invest money in buying sodas and juice drinks to stock her business.
Also note that Teresa sells candy at the entrance to the school. Know that her hard work must be rewarded so she can offer the basic necessities to her four children. With her recent loan, she plans to buy a freezer to keep her products.
The members of this loan group are in their eleventh loan cycle, and they want to continue with the loans.
About EDAPROSPO: 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 persons, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

In this group: Edita, Teresa , Rosita, Dora Luz , Smith*, Christian , Amalia, Carlota
*not pictured

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Translated from Spanish by Kiva volunteer Alison Hynd



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