El Futuro Del Mañana Group
Esther is dedicated to chicken and bird sales. This business arose three years ago because of her divorce, since she needed a better income to support her children. This is how, thanks to her efforts and dedication, she succeeded in providing them a better quality of life.
Today, she has her own locale and her children have a good education. Esther tells us that she would like to continue growing as a businesswoman and buy her own land. The loan that she was given was for the purchase of merchandise to begin her business. With a lot of hard work and effort, we know that Esther will fulfill her goals, and that the loans from Edaprospo will help.
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