Triunfadoras Leales De Motupe Group
She has been with Edaprospo for ten years, and sells candy in general, such as cookies, soft drinks, lollipops, etc. She has been in this business for ten years, which she started in order to help her children get the education they need, so that they can succeed in life.
With her hard work and effort she has managed to open a business, and has been able to provide her children with a proper education.
Currently, she is allocating her income to cover expenses for food and transportation, while her husband covers the cost of water, electricity, and telephone.
Her plan for the future is to expand her business, and finish building her home.
She used her loan to buy merchandise.
Rosa belongs to the "Triunfadores Leales de Motupe" (The Loyal Winners of Motupe) communal bank, which is made up of seven people. She has been the president for one year. It was formed with the objective of each member developing themselves, and "winning" in their business and in their life. This is the reason why they gave this name to the group.
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