Prosperidad Y Exito Group
On this occasion, her loan will be used to buy liquors that her customers have requested so that her business will be complete. She will also expand her business to make it larger and mO. comfortable for her customers. Madeleine has been a member of the group “Prosperidad y Éxito” (Prosperity and Success) for three years. There are eight members in the group.
In the photograph, Sra. Madeline is wearing maroon-colored trousers and seated at the end of the row.
La Sra. Madeleine viste pantalon color guinda esta al final D. todas.
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