San Jose Group
Juana has been working selling snacks for the last half year, a business that’s helped her cover expenses needed to support her children since after the loss of her husband she had to work and find a way of earning income to cover her children’s costs. The loan she got will be used to buy snacks to increase merchandise and have a variety of products.
La Sra. Juana viene trabajando desde hace medio año en la venta de golosinas, negocio que le ha ayudado a afrontar los gastos necesarios para mantener a sus hijos, ya que luego de la pérdida de su esposo se vió en la necesidad de trabajar y encontrar una forma de obtener ingresos económicos que pudieran cubrir los gastos de sus hijos.
El préstamo recibido lo invertirá en la compra de golosinas, para aumentar su mercadería y tener variedad de productos.
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