Maria Elena Moyano Group
The group is composed of six members, one of whom is Kharym. She is a single 26-year-old mother who has a beautiful six-year-old daughter. Every day she works selling food, which she delivers to workers in various factories. Due to her flavorful and skillfully-prepared dishes, she has come to be in high demand by her customers. In the future she would like to be able open a restaurant and thus continue with her business of selling food.
She will invest the proceeds of this loan in the purchase of cooking utensils. She is very happy to have this loan opportunity. Her group “María Elena Moyano” is also very thankful for the confidence it has brought them and the help that it is providing to them.
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