Las Semillitas Group
Ana is 42 years old and married. This is her fourth loan with Edaprospo. Her two daughters, ages 7 and 13, attend school every day. For the past nine years Ana has been running a grocery store that used to belong to her father-in-law. The store is called "Pancho" and they sell milk, rice, sugar and many of the other basic necessities that her neighbors need. Ana tries to offer her customers a wide variety of products and this loan will make it possible for her to increase her stock of merchandise.
vecinos que son cosas de primera necesidad. Ana intenta ofrecer a sus clientes una gran variedad de productos, y con este préstamo, será posible aumentar su mercadería.
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