Las Rosarinas Group
Income from the store makes it possible for her to see to extra expenses and mostly for the education of her four small children that are still in school. Later on she wants to go into the hardware business but for now she’s completely dedicated to her grocery store.
She will use this loan to stock up on general merchandise like groceries and beverages. As President of the “LAS ROSARINAS” group she wants to work and get ahead together with her fellow group members.
*Nelly is seated, she’s the second one from the right.
Con sus ingresos pueD. cubrir algunos gastos extras y sobretodo ayudar en la educación D. sus 4 hijos pequeños, que aun asisten a la escuela, mas adelante quiere incursionar en el negocio D. la ferretería pero por ahora esta dedicada completamente a su bodega este préstamo lo utilizara para abastecerse D. mercadería en general entre abarrotes, bebidas, como presidenta del grupo “LAS ROSARINAS “quiere trabajar y salir adelante junto a sus compañeras.
* Nelly es la señora que esta sentada, la segunda D. la derecha.
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