El Buen Samaritano Group
For the last 2 years Melania has worked in her own small grocery store where she sells groceries, etc. She started by selling a few products and with time was able to expand her business. She says it wasn't easy, as she had to work very hard together with her husband, but thanks to her hard work and dedication she has gotten better profits, her children have an education and above all they have a better quality of life. She says that as a woman, she feels very proud of herself and independent.
The loan she received was to buy goods (milk, pasta, rice etc.) Melania will fulfill all her goals with hard work and effort and the help of her loan with "Edaprospo"
Laura is the lady with the blue shirt in the upper left hand corner of the picture.
La sra laura es aquella que se encuentra en la parte superior de la foto con casaca azul.
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