Las Guerras De Fuego Group
One of the members is Juana. She is married to Rafael, who works as a chauffeur. Living only on her husband’s income is not enough to meet the household needs, so Juana started a small business without much effort. She raises chickens from her home and then sells them in the town squares and at the fairs near her home. Juana is able to manage her business without neglecting her duties as a homemaker since she has two daughters who are in school. Little by little, her business has grown since she has also started selling to large prestigious restaurants in her town. Juana will use her loan to buy special balanced feed for her chickens, but she will also buy more birds. Her dream is to have enough cash to build her own chicken coop that is large enough to house a great number of birds.
Juana began working with EDAPROSPO more than two years ago. All of her loans have been invested in her prospering business. In the photo, Juana is the second person on the right wearing a red sweater and carrying a brown purse over her arm. The little girl in the photo is Sra. Ester’s granddaughter. Astrid is the member who is missing from the photograph.
Juana is grateful for the support that has been given to her and her group.
Ella viene trabajando con Edaprospo ya más de 2 años, y todos los prestamos han sido para invertir en su prospero negocio. Juanita es la segunda de la derecha viste con una chompa de color roja y con una cartera marrón en el brazo, la pequeña es la nieta de la Sra. Ester y en la fotografía falta Astrid.
Juana agradece por el apoyo que le brindan a ella y a su grupo!
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