Los Girasoles Del Algodonal Group
Her current loan will be useful for buying sausages and eggs. This investment is very important because it will help her proviD. an education for her children. Sra. Cirila is a member of the group “Los Girasoles del Algodonal” (The Sunflowers in the Cotton Field), which consists of 10 members.
*Sra. Cirila is seated third from the right, wearing a brown sweater.
* La Sra. Cirila viste chompa marron es la 3ra D. la derecha.
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