Barrio Pincha - Chupaca Group
Her dream is to be able to purchase a tricycle to be able to carry to her clients (small stalls) the cases of beer. When they make orders today she has to carry them either by bringing little by little, or by renting a tricycle.
She and the other members of this group are completely grateful for the support that they have received through EDAPROSPO and the investors from KIVA. She is happy because her story will be known by other people with good hearts.
Cresenciana, wearing a bright green sweater and a white polo, is holding the hand of her small granddaughter.
El sueño de ella es poder adquirir un pequeño triciclo, para poder llevar a sus clientes (pequeñas bodegas) las cajas de cerveza, cuando le hacen pedidos, ya que por ahora tiene que llevarlos a veces cargando poco a poco, o alquilando un triciclo.
Ella y los demás socios de este grupo se encuentran completamente agradecidos por el apoyo que reciben tanto de EDAPROSPO y de los inversionistas de KIVA, y se siente feliz porque su historia sea conocida por otras personas de buen corazón.
Cresenciana, viste con una chompa verde clara, y un polo blanco, esta agarrada de la mano con su pequeña nieta.
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