La Cruz De Yerbateros Group
This is the case of 41-year-old Flor de María who is married and has two dependent children. For more than seven years, she has been selling iced treats in the summer and 'emoliente' (a local drink) in the winter. She works as hard as she is able in order to get ahead in life for the good of herself and her family. In the future, she would like to have a much better equipped ice cream parlor. She will use her loan to stock up with merchandise, buying products for the winter season. In common with Flor De María, the other members of the group each have their own personal story. However, what they all have in common is the effort and hard work that they put in every day for the good of their families.
Tal así es el caso de la señora Flor de María de 41 años de edad casada y con 2 hijos que dependen de ella. Hace más de 7 años se dedica a la venta de helados en el verano y en el invierno a la venta de Emoliente el cual es una bebida de la zona, esto lo hace con el mejor de los esfuerzos para así poder salir adelante cada día por el bien de ella y su familia y en el futuro le gustaría tener una heladería mucho mas equipada. Con el reciente préstamo ella implementará su mercadería, comprando productos para la temporada de invierno. Como la señora flor De María el resto de los integrantes tienen una historia en particular pero, todos coinciden en el esfuerzo y dedicación que brindan todos los días por el bien de sus familias.
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