El Horizonte De Oquendo - Callao Group
Livia wants to start a business and her first loan will enable her to buy clothes to sell. The godmother of her children is in the same line of work, so she encouraged Livia and showed her where to acquire inexpensive clothing that she could resell directly at a later time. Having a business will enable Livia to generate income for her family's expenses. Most of all, she wants to help her children with their studies. She was recently elected to become the president of the Communal Bank, so she wants to serve faithfully in her assigned position.
*In the photograph, Livia is the woman wearing a blouse with black and white stripes.
*Livia aparece con polo a rayas blanco y negro.
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