Señora Doris is the new president of the group called "To Grow", which was formed 10 years ago and is maD. up of 10 neighbors and friends. Doris, at 29 years of age, is married and has two children, ages 10 and 6. She has been working with Edaprospo for 2 years. She has worked selling beauty products for more than 4 years. She will invest her latest loan in buying more of these products as well as buying clothing to sell to order to her neighbors. At present she is finishing her career as an operator of industrial machinery and she plans to open her own workshop for making polos and shirts, but to do this she needs the support of Edaprospo to be able to save for this goal.
La Sra. Doris es la nueva presidenta del grupo “Crecer”, el cual lleva 10 años D. creado y lo conforma 10 vecinos y amigos, Doris a sus 29 años está casada y tiene dos hijos D. 10 y 6 años, ella lleva 2 años trabajando con Edaprospo y ah trabajado vendiendo productos D. belleza por más D. 4 años, el ultimo préstamo lo piensa invertir en mas D. estos productos, también comprara ropa para la venta a pedido D. sus vecinas. Actualmente está terminando su carrera D. operatividad D. maquinas industriales y tiene el proyecto D. poner su propio centro D. confeccion D. polos y camisas, pero para esto necesita que Edaprospo le brinD. sus habilitaciones para poder ahorrar con este fin.
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.