What Rosa would like more than anything is to finish building her home so that she can set up a grocery store in it. She will use her loan money to make progress in her project. Rosa is in charge of the "Solidaridad" group. This is a new responsibility for her and, as the group's president, she would like to do her best as she has belonged to the group for six years.
* Rosa is wearing a chequered shawl. There is also a young person in the photo who is not a member of the group.
Estar a cargo del grupo “SOLIDARIDAD” es una nueva responsabilidad y como presidenta quiere aportar lo mejor ya son 6 años que pertenece al grupo.
* La Sra. Rosa tiene puesta una manta a cuadros, tambien aparece un joven que es pasivo.
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