By Lyel Resner, KF11 Peru
EDPYME Alternativa is a fast-groing microfinance provider based in Chiclayo – the commercial hub of Northern Peru. Kiva´s low cost of capital has enabled EDPYME to expand their market and target extremely low-income borrowers. In fact, EDPYME has built a loan product exclusively for Kiva borrowers – Capital Semilla, or Seed Capital – designed to meet the needs of their poorest clients. Many in this client base are farmers – they use Capital Semilla loans of $200-$600 to buy crop seeds (no lack of irony here in...
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