Amistad Y Paz Group
It was thanks to her first loan that she was able to buy her food cart and a stove she uses to prepare this food. Gradually her business grew until it became one of the favorites in the zone. Thanks to her work she helps her husband with household expenses and can give her children an education in a good school.
For later on she’d like to open a restaurant at home and to do so needs to equip space which is what she will use the loan for to start this project fixing up said space. Currently, Zelma’s group secretary and she’s grateful to EDAPROSPO because thanks to its loans she’s been able to have her own business.
*Zelma is wearing a brown shirt.
*Zelma es la cuarta de la derecha, viste polo marrón.
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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