Santa Ana Group
Mirtha C. is an example of this. She has four children; three of them are minors. She sells vegetables every day in a small market that is close to her house. She started in this business because income in her house was too low, and she needed greater earnings.
Through her work efforts she was able to build her house and give her children an education. In the future she would like to finish building her house and expand her vegetable stand. She will use the recent loan to buy vegetables for her business.
La señora Mirtha C. de 36 años de edad, es una de las integrantes del grupo comunal Santa Ana, una alcancía formada hace ya 4 años, que tiene como integrantes personas que día a día se esmeran y luchan por mejorar la economía en sus hogares. Una muestra de ello es la señora Mirtha C. madre de cuatro hijos de los cuales 3 a un son menores de edad, ella se dedica diariamente a la venta de verduras en un pequeño mercado cerca a su casa, y comenzó en este negocio a raíz que la economía en su hogar era demasiada baja y necesitaba de mayores ingresos, con el esfuerzo de su trabajo a podido construir su casa y darles educación a sus hijos, en el futuro le gustaría terminar de construir su casa y ampliar mas su puesto de venta de verduras. Con el reciente préstamo lo invertirá en la compra de verduras para la venta de su negocio.
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