San Martin De Porres Group
Maria del Rosario has been selling beauty products for a few years. She sells makeup, perfumes, and jewelry and works from catalogs. She doesn’t have a set schedule and this allows her to adjust her spare time so that she can care for her children and home.
She will use the money from this loan to invest in makeup and jewelry that is available at special prices during the Christmas season.
La Sra. María del Rosario se dedica desde hace unos años a la venta de productos de belleza, maquillajes, perfumes y joyería, trabajo que realiza por medio de catálogos y acomodando su tiempo libre ya que la facilidad de este negocio es que no tiene un horario fijo de trabajo por lo que ella puede disponer de su tiempo y asi poder dedicarse a sus hijos y no descuida su casa.
El préstamo recibido lo invertirá en la compra de maquillajes y joyería que en éste tiempo por la campaña navideña está a precios de oferta.
About EDAPROSPOEDAPROSPO 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.
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