Prosperidad Y Amistad Group
Irma has been working leasing minivans for 7 years. The business arose from her desire to proviD. a better quality of life for her children. Thanks to her efforts and dedication she’s managed to acquire four minivans of her own that have led to higher income and she’s been able to proviD. her children with a better education. In order to continue to grow, she’s asking for a new loan to service her minivans. We know that Irma will reach her goals with much work and effort and that Edaprospo’s loans will help her.
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