Mujeres Fuertes Y Unidas Group
She is a member of the “Mujeres Fuertes y Unidas” (Strong and United Women) communal bank. It has 10 members who are residents of Comas district. Her fellow members elected her President of the group’s Governing Board.
From a very early age she worked helping her parents and then started selling beverages from home even though she didn’t have a specific area set up as a store. Gradually she amassed capital until she was able to buy a display case to exhibit her candies and thus her grocery store, called Muse, grew.
Her work has made it possible for her to build her three story house, pay for her son’s higher education and maintain good health.
The granted loan will be used to buy shelving and display cases for her store.
La Sra. María Candelaria trabaja desde muy pequeña apoyando a sus padres y luego inició vendiendo bebidas en su casa, sin tener un ambiente dedicado a bodega, poco a poco fué juntando su capital hasta que pudo comprar una vitrina donde colocó sus dulces y así fué creciendo su tienda de abarrotes de nombre MUSA.
Con su trabajo ha logrado construir su casa de tres pisos, pagar los estudios superiores de su hijo y mantener una buena salud.
Con el préstamo recibido ambientará y comprará andamios y vitrinas para su tienda.
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