Siempre 10 Al Progreso Group
Now she is starting anew and thanks to her business she has been able to do many things, like make improvements to her house and have her own stall from which to sell. Things are going very well and her sales increase every day, especially in winter when people buy a lot of warm clothing. She would like to have her clothing bazaar in her own house. With this loan she will buy more clothing to sell.
She is a member of the group Siempre 10 al Progreso for which she is the secretary. She joined the group approximately 2 years ago. She is grateful because the loans have been very helpful now that she is starting her business again.
* Zoila is the last one in line with the cream colored jacket.
* Zoila es la ultima D. la fila esta con casaca crema.
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