Amigas Por Siempre Group
In the future, Ms. Sisley plans to open a bookstore in her own home. She is the treasurer of the “AMIGAS POR SIEMPRE” (“Friends Forever”) group. They are newly-formed, but have a lot of spirit. With her share of the loan payout she will purchase more school supplies to fill orders that are still pending.
*Ms. Sisley is seated, the third from the right
Para mas adelante ella tiene planeado poner un bazar librería en su propia casa, ella es tesorera del grupo “AMIGAS POR SIEMPRE” un grupo nuevo pero con mucho animo D. trabajar con su préstamo desembolsado comprara mas útiles D. librería para entregar pedidos que aun tiene pendiente.
*la Sra. Sisley es la tercera D. la derecha esta sentada.
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