Unidas Por Siempre Group
Isela is 36 years old, separated and has six school-aged children. In her lifetime she has had several businesses involving food sales (breakfast, pumpkin fritters, kebabs) and has been able to provide for her children with the help of her ex-partner who pays child support. She tells us she also has started a new business selling beauty products to earn mO. income. This is of great help since her eldest daughter will start high school.
Isela's dream is for her daughter to finish her gastronomy studies so she can set up a restaurant at home, and with much effort she hopes to be able to do it. The loan she has requested is to buy supplies for the pumpkin fritters, such as flour, sugar and disposable plates. The "Unidas por Siempre" communal bank is grateful for your help. Isela is the one in the white long-sleeved top.
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