A group of entrepreneurial, hardworking and united women, that's how the group "Progreso de Santa Cruz" is formed; it has 10 members, great women that stand out, each of them with a personal story to tell, one of them is Elena Margarita who is 45 years old, since she was young she was surrounded by examples of courage that pushed her to start the business of selling beauty products, with three years in the business she has been able to provide the best she can to her three children and help her husband with the home expenses, with big dreams and goals to achieve she thinks that in the future she will open an Internet café. The new loan will be invested to buy beauty products.
Un grupo de mujeres emprendedoras, trabajadoras y unidas, así está conformada el grupo de "Progreso de SAnta Cruz", integrada por 10 personas, sobresalen grandes mujeres, cada una con una historia en particular una de ellas es la señora Elena Margarita de 45 años de edad, desde pequeña vivió rodeada de ejemplos y coraje que la animaron a emprender el negocio de Productos de belleza ya con 3 años en el negocio a podido dar lo mejor a sus 3 hijos y ayudar a su esposo con los gastos del hogar con grandes sueños y metas por cumplir piensa en el futuro poner un local para internet y con el reciente préstamo lo invertirá en comprar productos belleza.
EDAPROSPO 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.