Señor De Los Milagros Group
This business has been of great help to her because it helps her meet her personal expenses and not be dependent on anyone; this makes her feel useful and self-sufficient.
She has all kinds of products stocked in her grocery store like: sugar, rice, pasta, all kinds of beverages and cured meats. She always strives to keep it well stocked. The loans are of great use to her because she uses the money to buy beverages like soft drinks, juices, etc. which is what sells the most during the summer season. What she most wants in life is to stay in business and that the business grows a bit more.
*Aquila is standing, third from the left, wearing a red polo shirt.
* La Sra. Aquila es la tercera D. las paradas viste polo rojo.
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