Nueva Integracion Group
Luz is another of our members who has worked for several years as a teacher in a high school. She wants to open a bookstore in her house, which would help her increase her income.
Benny has a store in her home which she opened with great effort. She sells several bookstore-type products and clothing. This allows her to contribute toward household expenses.
Thanks to the loans, the members can invest in different businesses which permit them to contribute to household expenses and support their children.
Benny tiene una tienda en casa donde lo aperturo con mucho esfuerzo ella vende diversos productos de librería y ropa esto le permite aportar con los gastos en casa. Gracias a los préstamos los socios pueden invertir en diferentes negocios que les permitan contribuir con los gastos y la manutención de sus hijos.
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