Mi Banquito Group
Thanks to her work, Ketti has been able to offer a better quality of life to her daughter. She is happy, because aside from obtaining profits with her tailoring, it is what she likes to do. Her future plan is to set up a store where she can showcase her home-made garments. The last loan she requested will be invested to buy wool, since she has orders to deliver. Ketti, like every member of the communal bank "Mi Banquito" is thankful for the supplied loan. Ketti is the first on the right, with the purple sweater and black pants.
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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