Ciudad Real Group
An example of this is Fany who is 33 years old, living with a partner and the mother of two young children. She gets up very early every morning in order to prepare food to sell in the market This is her source of income for the home, which has given her much satisfaction for the long twenty years that she has had her business which she began with her mother. With this latest loan she would acquire an awning and she would buy food.
Each member has a particular story of good and bad times throughout their lives, but all of them illustrate every day the desire to prevail for the welfare of their families and businesses.
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