Madres Ladereñas Group
Amina has a business selling different products. She began selling small items such as slippers, clothing, and beauty accessories. Throughout the entire she has been in business, her orders have increased because of the payment options she offers to her customers. The products she buys and sells the most are bicycles and a few appliances. Amina sells these products on credit so that she can obtain more profit. Most of her customers are merchants who have their own business. Thanks to her work, Amina is able to pay for the university education of one of her children. Seeing her children become professionals will be her greatest achievement. The loan from EDAPROSPO will be a great help with purchasing goods for the holiday season, especially toys for the approaching Christmas parties. This will turn out to be a good business. At some point, Amina would like to buy a piece of land on which she can build her house and set up a store so that she can continue working.
Sra. Amina is the eighth woman, wearing a red polo shirt and holding a black handbag. Also appearing in the photo is another woman who is a guest.
• La Sra. Amina es la octava viste polo rojo y cartera negra, también aparece una señora como invitada.
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