Unidos Para Triunfar Group
Marcelina works in embroidery services, that is to say, she embroiders, knits and applies sequins. Marcelina started this business with capitalpurchasing the materials needed to start the business, and she now has loyal customers. Marcelina tells us that she is a very creative person, and this will help her succeed in her business. Thanks to her effort and dedication, she has managed to attain a better income. Her children go to school and she has bought electrical appliances.
Marcelina is requesting a new loan to buy merchandise such as sequins, thread, etc. Marcelina will meet her goals with hard work and effort and she is grateful to Edaprospo and Kiva for this loan.
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