Futuro Para El Bien Group
Her diners are mostly workers in the area, especially fare collectors and drivers that work for a bus company. For Teresa, her work is essential, because it is how she supports her household. That is why she wants to keep moving forward.
Her greatest wish is to expand her business. To do that, she wants to use part of her house where she can have a suitable area with chairs and tables, so that she can serve conveniently.
She will use her current loan to buy the ingredients and supplies she uses, such as cooking oil, spices, and especially charcoal bought at wholesale. Teresa is currently president of the “Futuro para el Bien" group, who are mostly neighbors from the same place.
Teresa is the fourth person from the right, wearing a blue vest.
La Sra.Teresa es la 5ta de la derecha viste chaleco azul
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