Ana is a 41-year-old widow who has four children. She is currently a member of a communal bank called “Las Palmeras” (The Palm Trees). This group is made up of 10 members who work in a variety of business types. Ana has worked selling clothing from her home for ten years and also sometimes works as an artisan making clay pots which she sells in the market. This business came about as a way to make more income as after her husband’s death she had to work harder to get ahead with her children. Now she had loyal customers and, thanks to her effort and dedication, has built her house and has educated children. Ana is requesting a new loan to buy clothing merchandise (polo shirts, pants, and blouses). Ana will accomplish her goals with much work and effort and the loans from edaprospo have helped her.
La Sra. Ana es viuda, tiene 41 años de edad y tiene 4 hijos, actualmente es socia en la alcancía comunal “Las Palmeras” grupo conformado por 10 socios que se dedican a diversas actividades de comercio. Ana se dedica a la venta de ropa a domicilio desde hace 10 años, a su vez también se dedica a la artesanía ya que elabora ollas de arcilla y los vende en el meracdo, este negocio surge con la idea de obtener mejores ingresos económicos ya que a raíz del fallecimiento de su esposo tuvo que trabajar mas duro para sacar adelante a sus hijos, hoy en día ya cuenta con clientes fidelizados, gracias a su esfuerzo y dedicación a, ha construido su casa y sus hijos tienen educación , Ana solicitado un nuevo préstamo para comprar mercadería prendas de vestir (polos, pantalones, blusas). Ana cumplirá sus metas con mucho trabajo y esfuerzo y que los prestamos de edaprospo la 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.