Dios Es Amor Y Mi Guia Group
Sra. Shirley, age 63 and divorced, is a living example of a determined and invincible woman. She sells beauty products and has been in business for 13 years. Now she is the leader of two sales businesses. Shirley started working because the household finances were lacking and she needed more income to support her three children. She was able to provide them the best. Now that her children are grown, she strives to provide an education for their children and also make improvements to her home.
Shirley also sells shoes that she brings in from Trujillo. With this recent loan, she plans to travel so that she can bring back a variety of shoes.
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