Maria Elena Moyano Group
Silvia has bought and sold seasonal clothing in the streets for the last 6 months. She began because her family encouraged and helped her to start her small business. By means of her work alone, she saved the little that she earned to be able to invest in her business. Silvia's grand dream is to have a business selling underwear and jewelry.
This recent loan will be used to construct her house. All the participants in the communal bank are very content and grateful for the help they are offered. (The children in the photo belong to the members.)
Trabajan con EDAPROSPO - Prosperidad, desD. hace 5 años y medio, su alcancía comunal está conformada por 10 socios y se encuentra ubicada en El Agustino, departamento D. Lima, los socios realizan actividades como comercio y servicio. Silvia se dedica a la compra y venta D. ropa por temporada como ambulante desD. hace 6 meses, se inicio a raíz que su familia la animó y apoyo para implementar su pequeño negocio, con el esfuerzo D. su trabajo solo logra ahorrar lo poco que gana para poder invertirlo en su negocio. El gran sueño D. Silvia es tener un negocio propio D. ropas interiores y joyas.
El reciente préstamo será utilizado para la construcción D. su vivienda, todos los participantes D. la alcancía están muy contentos y agradecidos por la ayuda que se les brinda. (Niños en la foto hijos D. los socios).
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