Union Por El Progreso Group
The Union por el Progreso Communal Bank is in its seventh cycle, and they are demonstrating punctuality and responsibility with their payments.
Ceci is an enthusiastic and happy member who organized her friends several years ago. They are all committed members. They devote themselves to different lines of informal businesses, which allow them to see to their families’ basic necessities.
Ceci sells juice. She has a small stand in a market in the high zone of Huaycan. She has a small son for whom she needs to work. Her objective is to be able to give him a good education. Also, she dreams of going to school to be able to do other activities.
The group is grateful to Kiva and Edaprospo for the loans.
L. Alcancía Comunal “UNION POR EL PROGRESO” cursa el ciclo 7 demostrando puntualidad y responsabilidad en sus pagos. Ceci es una socia entusiasta y alegre que convoco a sus amigos hace varios años, todos son socios comprometidos ya que se dedican a diferentes giros D. negocios informales y estos les permiten atender las necesidades básicas D. sus familias. Ceci se dedica a L. venta D. jugos tiene un pequeño puesto en un mercado en L. zona alta D. Huaycan, ElL. tiene un pequeño hijo por el cual debe D. trabajar, su objetivo es poder brindarle una buena educación además le sueña con estudiar, para poder desempeñarse en otras actividades. El grupo agradece los préstamos a KIVA y EDAPROSPO.
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