San Judas Tadeo Group
What she most wants is to have her own store offering weaving supplies, and to offer every type of product for this field.
On this occasion, she will use her loan to buy more wool, and to continue weaving the clothes that she makes according to demand for the winter season. With a small part, she will also cover the payment of her beauty orders, so as to proviD. payment facility for her customers.
The group SAN JUDAS TADEO is maD. up of eight members. They all live in the same area of Los Olivos, in Lima, Peru.
* Señora Irma is the first one in the photo with a bag across her chest.
* La Sra.Irma es la primera esta con un bolso cruzado.
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