Manuela Ramos Group
Asunta says that she used some capital to purchase the stand at the market. She works very hard and now she has a faithful customer base and her business has grown. Asunta considers herself an independent woman. Thanks to her hard work and dedication she has made a better income, has been able to purchase her own home and her parents have a better quality of life.
Asunta is asking for a new loan to buy supplies (fruit, milk, sugar, etc.). Asunta will accomplish her goals with hard work and she is grateful to Edaprospo and Kiva for offering a 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