Anconeras Emprendedoras Group
She began renting the nets in the summer months when demand was the highest. This month business will be a little slow because of the tsunami in Japan which kept many fisherman from going out to sea.
She plans to use the loan to buy more nets and repair the ones she has. She wants to continue with and expand her business. Flor is the secretary of the "ANCONERAS EMPRENDEDORAS" group, which she is happy to be a part of because of the support she receives in her aim to expand.
* Flor is the fifth from the left standing, dressed in light blue. Also in the photo is a person invited by the group.
* Flor es la quinta D. las paradas viste polo celeste, en la foto también aparece una invitada del grupo.
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