Mujeres Buscando Un Futuro Group
Also, she is now involved in buying clothes that her own customers will later buy from her. She wants to devote herself to this field because it generates more income for her.
For now she will use the money from the loan to buy beauty products. She will be taking advantage of the fact that Mother’s Day is coming soon, and her sales will be better. She wants to buy perfume, cologne, and cosmetics to offer her customers.
The group she belongs to is called Mujeres Buscando Un Futuro (Women Seeking A Future). She is the secretary of the group, which is comprised of nine members.
*Ema is seated, and she is wearing a purple shirt.
* Ema esta sentada viste pòlo morado.
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