Ana is 49 and is a member of the Cristo Rey D. Nicolas D. Pierola Community Bank. She has three young children and is a nurse (doing injections) by profession, but she does not practice because she wants to spend more time with her children. Thus, she decided to work in baking. The income from this small business has allowed her to purchase materials for making pies, such as molds and various decorations for the pies. She has worked in this business for 20 years. Ana is requesting a loan from EDAPROSPO to purchase more ingredients and prepare pies, taking advantage of the upcoming graduation festivities for the schools in the area where she lives. She dreams of buying herself a kitchen with an oven to prepare pies in as little time as possible, but her greatest dream is to have a location and rent it out for parties and dinners.
Ana tiene 49 años D. edad es socia D. la Alcancía Comunal “Cristo Rey D. Nicolás D. Piérola” tiene 3 hijos menores, es enfermera D. profesión (pone inyectables D. forma particular) no lo ejerce debido a que ella desea pasar más tiempo con sus hijos, para lo cual decidió dedicarse a la repostería el ingreso D. este pequeño negocio le permitió comprar los materiales para elaborar tortas como moldes y algunos adornos que puedan llevar dichas tortas. Ella se dedica a esta labor desD. hace 20 años. Ana solicitó el préstamo a EDAPROSPO para comprar más ingredientes y preparar tortas aprovechando las fiestas D. promociones D. los colegios D. la zona donD. ella vive. Ella sueña con comprarse una cocina con horno que le permita preparar tortas en el menor tiempo posible pero su sueño más codiciado es tener un local y alquilarlo para fiestas y bufetes.
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.