Unidas Triunfaremos Group
The loan that was granted by Edaprospo will be used to rent premises where she will launch a new business that she has always wanted to have: her own restaurant, one of her big dreams. She loves cooking and has already all the necessary kitchen utensils and indispensable furniture. She is very spirited and hopes to make her new project come true very soon. She is also happy to be a member of the Unidas Triunfaremos Group (United We Will Have Success), where she serves as a secretary.
Note: Elizabeth is the lady with the green sweater. There are two invited members pictured with the group.
* Elizabeth esta con chompa verD. por otro lado aparecen 2 socias invitadas
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