El Sol De Cupiche Group
Yolanda is one of the members of this communal bank. She is the oldest, she’s 50 years old. She has a small grocery store in her house where she sells such products as: milk, rice, chicken, vegetables, candy and soft drinks. She’s been in business for three years.
She will use the loan she requested from EDAPROSPO to buy merchandise for her small store especially milk, wine and cakes to sell taking advantage of the Christmas season. Her plan is to sell everything needed for Christmas dinner.
Yolanda es una integrante D. esta alcancía es L. mayor del grupo, tiene 50 años D. edad. ElL. se dedica a vender en L. pequeña bodega que tiene en su casa productos como: leche, arroz, pollo, verduras, dulces y gaseosas. Lleva tres años en este negocio. El préstamo solicitado a EDAPROSPO lo invertirá en comprar más mercadería para su pequeña bodega, especialmente leche, vino y tortas para venderlos aprovechando L. campaña naviD.ña. Tiene planes D. vender lo necesario para L. cena naviD.ña.
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