Luz Radiante Group
Velma sells wholesale and retail groceries. She gets up very early to open her store. First she does the cleaning, arranging, and selection of the merchandise. Previously she sold food, but this business did not seem to go very well for her. She did not earn enough money to feed her children.
She is requesting this loan to buy merchandise to stock her store, get greater income, and give her children a better quality of life.Vilma’s wish for the future is for her children to become professionals.She is in the center of the photo wearing a white sweater. The members in the smaller photos did not arrive in time for the group photo and their picture was taken afterwards.
En L. foto Vilma se encuentra ubicada al centro, viste una chompa color blanco , las socias que estan de fotos recortadas que se ubican al extremo de L. fotografia no llegaron en el momento que se tomo L. foto y se las tomo despues
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