Gotitas De Amor Group
She has a small grocery store in her house where she sells vegetables, fruit, groceries, chicken, soft drinks and beer. She’s been in this business for over 13 years. She started it with the idea of helping her husband buy a car. They met this goal but now Olga wants to buy another car and set up a public transportation service line in Chosica.
She asked EDAPROSPO for a loan to buy containers for beer she needs in order to buy more beer and whatever is left over she’ll use to improve her business’ appearance (paint).
In the photo we only see seven members because María Isabel Sirlupo León was unable to attend due to work.
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