Virgen De Guadalupe Group
Maritza and her husband have acquired a car and wish to proviD. an advanced education for their children, for which she works hard every day. Maritza will invest her loan in the purchase of tubers such as potatoes, onions, cabbage and various spices, garlic, chili peppers for sale in her store.
The Communal Bank "Virgen D. Guadalupe" has participated in the loan program several times and punctually complies with the terms. All the members are happy with the support they get for their businesses.
Maritza pertenece a La Alcancia Comunal “ Virgen D. Guadalupe” esta participando recurrentemente en el programa y D. forma puntual cumple con sus compromisos, todos los socios estan contentos con el apoyo a sus negocios.
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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