El Algodonal Florece Group
Rosa is in charge of managing and perfecting the business. Her goal later on is to have more money so that she can buy a store because she currently rents her location. With the money from this loan, she will buy more paints in bulk in order to get them at lower cost.
*Rosa ValverD. is seated fourth from the right, wearing a black polo shirt and jeans. Also pictured is Sr. Cano, who is a guest.
*Rosa ValverD. es la cuarta D. la derecha D. las sentadas viste polo negro y pantalon jean,tambien esta en la foto el Sr. Cano como invitado.
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