Dios Es Amor Group
Maria will invest in the purchsae of seasonal fruit such as peaches, pears, grapes and apples, which she will sell at a good price. She wants to improve her home and for her youngest son to finish school. If she had more capital she would invest it in opening a store in her house.
The "Dios es Amor" communal bank has 12 members who work in informal traD. and gave this name to the association because they believe in God. The are keen to participate in the program for the first time and are grateful for this opportunity. In the picture you can see three children whose parents had to bring them along on the day as they cannot be looked after by family members.
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