Luchando Por Un Sueño Group
Maritza is 26, has a common-law husband and two small children who she supports. She has been selling cheese for two years and it was her mother who encouraged her to set up her own business since she is the one who supplies the product. Maritza also works on weekends as an assistant cook to earn extra income for the household. By working hard she has been able to improve her quality of life. Since she wants to continue improving she has requested a loan to buy cheese so she can fill the orders she has already taken. Maritza's goal is to buy her own land.
The communal bank "Luchando por un Sueño" is very grateful for the loan. Maritza is the one in the pink t-shirt and grey pants. Gerlyn and Esthefani could not be present for the picture because of work, so their photographs are seen below.
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