Uniendo Fuerzas Group
Maria is proud because it is due to effort and hard work that she has managed to achieve some of her goals like built part of her home and provided education to her children.
Finishing her house is her next goal. With this last loan she intends to purchase supplies such as oil, meat, lemons, etc. , and medicines for her, because she is recovering from an operation. Mary belongs to the communal bank Joining Forces which has eight responsible and hard working members. They appreciate the support provided. (In the picture) Maria is located on the left side, wearing a white sweater and black skirt. At the top is Yemima and Mari.
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