Baseliza is 68 years old; she is married with 4 children, none of whom are dependent on her. She has been an Edaprospo client for 6 years and she has been running a business selling beers and spirits for 10 years. She has also been selling cosmetics for 12 years, which she started doing with the aim of increasing her income and improving her family's standard of living. Owing to her hard work and commitment, she has succeeded in building her own home and educating her children. Her plan for the future is to open a shop or a stall in her own home and continue to improve their way of life. Currently, her income covers the bills for water and lights while her husband covers their food expenses. This loan will be used to buy beauty products for her business. Baseliza belongs to the "Good Samaritan" Communal Bank, a name which was chosen because of the kindness and faith of each of its members. The group is made up of 9 people and Baseliza has occupied the role of president for the last year.
La Sra. Baseliza de 68 años de edad, es casada y tiene 4 hijos los cuales ya no dependen de ella. Tiene más de 6 años como cliente de Edaprospo y se dedica a la venta de licores y cerveza desde hace 10 años. También se dedica a la venta de cosméticos desde hace 12 años. Comenzó con la idea de incrementar su ingreso y mejorar su calidad de vida. Con su esfuerzo y trabajo ha logrado construir su casa y dar estudio a sus hijos. Actualmente su ingreso lo destina a cubrir los gastos de agua y luz mientras que su esposo cubre los gastos de alimentación. Su plan para el futuro es abrir una bodega o bazar en su propio domicilio y seguir mejorando su estilo de vida. Ella usó el préstamo en la compra de productos de belleza para su negocio. Baseliza pertenece a la alcancía comunal “El Buen Samaritano”, nombre que le pusieron por la bondad y la fe que existe en cada socia. El grupo esta conformado por 9 personas y Baseliza ocupa el cargo de presidenta desde hace 1 año.
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.