Santa Rosa De Lima -Jauja Group
She is requesting a loan to buy more Unique cosmetics in order to generate more income and at the same time, to have more products to offer.
In the future, Elva would like to have a store in the commercial zone, so she can better display these Unique products.
In the photo, Elva is wearing a black coat and a mustard coloured polo shirt, and is located to the left of the woman in the white sweater.
En la foto Elva viste una casaca color negro y polo color mostaza, se encuentra ubicada a lado izquierdo de la Sra. que viste una chompa color blanco.
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