Trabajando Por El Futuro Group
Isabel is 37-years-old, has a spouse and is the mother of four children who are still school age. Isabel has been working alongside her spouse for 13 years in a club leasing recreational games like boats and inflatable bounce houses. Isabel feels happy because thanks to her business she’s been able to improve her family’s standard of living and reach one of her goals which was to buy her own piece of land.
On this occasion, Isabel will use the loan to service her games to provide better customer service. Later on she plans to buy another piece property to set up a store to sell basic staple items.
Isabel appears in the front on the left; she’s wearing a black jacket and red and white striped shirt.
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