Sra. Maria is 50 years old, in a common-law relationship, and has seven children. She is currently a member of the Communal Bank "Club de La Amistad" (Friendship Club), which consists of eight members who engage in various retail businesses. Maria sells candy from a street cart. On Sundays, she sells tamales. Maria started this business so that she could help her husband with the household expenses and the support of their seven children. She works very hard to make use of each day that she has. Thanks to her effort and dedication, Maria has been able install flooring in the rooms of her house. Her income continues to increase. Maria is requesting a new loan in order to buy merchandise, such as candy. She will accomplish her goals through hard work and effort, and the loans from EDAPROSPO will be a great help.
La Sra. Maria tiene 50 años de edad, es conviviente y tiene 7 hijos, Maria actualmente es socia en la alcancía comunal “Club de la Amistad” grupo conformado por 08 socios que se dedican a diversas actividades de comercio. Maria se dedica a la venta de golosinas; a su vez vende tamales los días domingo. Maria inicia este negocio con el fin de ayudar a su esposo con los gastos del hogar ya que tenian que mantener 7 hijos, Maria trabajo muy duro para lograr lo que hoy en dia tiene, gracias a su esfuerzo y dedicación a hecho el piso en su casa y cuartos, y sus ingresos se siguen incrementando. Maria ha solicitado un nuevo préstamo para comprar insumos es decir dulces. Maria cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de Edaprospo le ayudaran.
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.