Cristo Es El Camino Group
Olga is 43, separated, and has two children. They are 10 and 20 years old. She has been the president since the communal bank was formed. For 15 years she has been selling vegetables. With the effort in her work, she was able to improve her house and support her children’s education.
The loan will be used to buy merchandise. Our members appreciate the support, and they promise to make their payments on time.
Olga tiene 43 años, es separada, tiene 2 hijos de 10 y 20 años, asume el cargo de presidenta desde que se formo la alcancía.
Desde hace 15 años se dedica a la venta de verduras, con el esfuerzo de su trabajo ha logrado mejorar su vivienda y apoyar en el estudio de sus hijos.
Con el préstamo otorgado será para destinarlo a la compra de mercadería, nuestros socios agradecen el apoyo brindado y prometen cumplir con los pagos establecidos en las fechas pactadas.
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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Success!! The loan was 100% repaid