Las Entusiastas De La 3Era Etapa De La Era Group
Jeremiana has done embroidery for 20 years, but as a result of her husband leaving her, she began to sell her embroideries at home. That's how she came to offer her embroidery services to this day. Thanks to her efforts and dedication she has managed to give her daughters an education and a better quality of life. Her dream is to buy more computerized machines in order to have embroidered products of the highest quality.
With the aim of continuing to grow, she has requested a new loan to purchase merchandise, thread, needles, and cloth to operate her business. The group is confident that Jeremiana will achieve her goals through much effort and hard work, and that the loans from Edaprospo will 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