Valentia Y Esfuerzo Group
Norma has always enjoyed working. Often she worked in secret because her husband didn’t like the idea. Currently it’s with her work that she’s able to help him since he’s in poor health and she must cover household expenses. She’d like to open a restaurant soon to sell what she prepares and proviD. comfort for her customers. She has her daughter’s help for this.
She wants to use her loan to repair her refrigerator to start selling gelatin and ice-cream in the summer that’s approaching. On the other hand, she’s happy to be part of the “Valentía y Esfuerzo” group where she has the office of President. The group has seven members.
*Norma is the fifth one standing and is wearing a green vest.
* La Sra. Norma es la 5ta D. las paradas viste chaleco color verD..
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