Sol Radiante De Huaycan Group
Gloria has worked for 10 years selling clothing in her home. This business came about because her children began to go to school and Gloria saw that her husband’s salary was not enough to cover the expenses for the household and the children. She was able to get some polo shirts and shorts to sell and over time she has built a loyal client base and the business has grown.
Gloria tells us that everything she has was achieved through hard work and perseverance and that her motivation were her children and her desire to overcome was bigger than her problems. Thanks to her struggle and attention she has obtained higher earnings, her children have a better quality of life, and she continues growing.
She is asking for a new loan in order to buy merchandise including polo shirts, pants, shorts, blouses, and dresses. We know that Gloria will meet her goals with a lot of work and effort and that the loans from Edaprospo 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