Mujeres Solidarias Group
Ms. Jesus has devoted herself, for the last four years, to tending to customers at her grocery store named "Cielo" [Sky], a business she began thanks to her daughter's support, with whom she began this work, achieving over time economic independence and the ability to cover basic needs.
The loan she receives will be invested in the purchase of grocery products such as rice, sugar, and milk among other items.
La Sra. jesus, se dedica desde hace cuatro años a la atención de su bodega de nombre "Cielo", negocio que inició gracias al apoyo de su hija, con la que inició éste trabajo, logrando en el transcurso del tiempo una independencia económica y cubrir sus primeras necesidades.
El préstamo recibido lo invertirá en la compra de productos de abarrotes como arroz, azúcar, leche y otros.
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