Mujeres Del Sol Group
Mercedes has worked for the last 7 years selling and manufacturing vacuum cleaner filters, that is to say, she makes the bags that vacuum cleaners have. This work arose because her husband was laid off from work and they had to support their four children. This led Mercedes to start working in a factory and that’s where she learned how to make vacuum cleaner bags. Because she’s an enterprising woman, she started her own business and thanks to her effort and dedication has attained better income, her children are educated and she’s been able to buy appliances, furniture, etc.
Mercedes’ dream is to sell in other countries and that the business continues to grow. In order to continue growing, Mercedes has requested a new loan to buy raw materials to manufacture vacuum cleaner bags. We know that Mercedes will reach her goals with much work and effort and that Edaprospo loans will help her.
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