Santa Rosa De Lima Group
Nancy is the President of the “Santa Rosa” Group and was elected to this position two years ago. The group has ten members who are all neighbors from the same area. Her most recent loan will be used to start selling traditional dishes since her dream is have her own restaurant. She knows that she will do well in the future because she has many friends who enjoy her cooking.
*Sra. Nancy is the first person seated wearing a black pullover.
Nancy es la presidenta del grupo “SANTA ROSA” ya lleva en el cargo 2 años, son 10 socias todas vecinas del mismo lugar, su préstamo reciente lo usara para empezar a vender algunos platos típicos y así emprender su sueño de tener su restaurante ella sabe que en futuro le ira muy bien por que tiene muchas amistades que disfrutan de su sazón.
*La Sra., Nancy es la primera de las sentadas esta con buzo negro
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