Mujeres Dinamicas Group
One example of this is Juana, the president, who is 37 years old, married and with two children who are minors. She perseveres each day with commitment and care for her business. She makes a living planning events and buffets, a job which she has done for more than three years. She also makes a living through the sale of school uniforms during the school year. In the future she would like to set up her own place to sell pastries because her business grows more every day. She will invest this loan in the purchase of pastry equipment.
On the left hand side of the photo is Sra. Gloria in the maroon shirt, and on the right hand side in the black shirt is Sra. Rosario.
*En la parte inferior izquierda de la fotografía con casaca marrón se encuentra la Sra. Gloria y en la parte inferior derecha con casaca negra la Sra. Rosario.
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