Meri is 27 years old, single, and has one son. She's enjoyed working from a young age to help her family. At the moment, she works selling beauty products. She got into the business through a neighbor, who sold to her and encouraged her to begin selling. Like every mother, her fondest wish is to see her son grow up to be successful, but she'd also like to have a shoe store where she could sell all kinds of shoes. She is using this loan to purchase beauty products and restock, since she'll be selling more for Father's Day.
La señora Meri Carmen F., integra el Grupo "Las Estrellitas D. Carabayllo", Meri Carmen, tiene 27 años D. edad es soltera y tiene un hijo desD. joven siempre le ha gustado trabajar para ayudar a su familia, actualmente se dedica a la venta D. productos D. belleza (cosmeticos). Inicio en este negocio por intermedio D. una vecina que le vendia a ella y la animo para que pueda vender. Su deseo adorado como toda madre es poder ver a su hijo profesional pero a la vez ella desea poder tener una zapateria en donD. pueda vender diversidad D. calzados. El prestamo lo invirtio para la compra D. productos D. belleza y stockearse ya que viene campaña por el dia del padre.
EDAPROSPO 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.