Virgen De Guadalupe Group
Felicitas began as a street vendor of sweets. Wishing to improve herself and offer a better life to her children, she decides to open another business where she could earn more income. Now she sells fast food like wings, chicken, skewered grilled meats, etc. With her hard work, Felicitas has been able to educate her children and improve their house.
Her next goal is to set up a shop offering consumer staples. With the loan she requested, she would buy supplies for her business, such as oil, chicken, potatoes, and some household items. Felicitas appears on the left side in the back. She is wearing a blue shirt.
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