San Miguel De Arcangel Group
At present, Bertha sells cattle in the street markets of Ahuac district, in Chupaca province. She is requesting this loan to buy good feed for her animals so that she can then sell the animals at a good price. She would like in the future to have a good space so that she can plant food for her animals herself.
In the photo Bertha is dressed in a black jacket, a white polo shirt and a cream-colored sombrero. All the members of San Miguel D. Arcángel communal bank are very grateful for the loan obtained.
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