Corazon De Jesus Group
The loan being provided by EDAPROSPO will be a great help in repairing and maintaining her vehicle so that it can continue to be available for rent. Yuuliana is the treasurer of the group “Corazon de Jesus” (Heart of Jesus) and has been a member of the Communal Bank for nearly two years. She wants to continue saving so that she can purchase another vehicle.
*Yuuliana is seen wearing a fuchsia-colored polo shirt.
*Yuuliana viste polo fuccia.
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