San Judas Tadeo De 1Ro De Enero Group
With her effort and work she has managed to increase her income and improve her family's quality of life, covering the expenses for electricity, water, and food for her family. Previously Felicia didn't work but she had to get new income because of the health of her daughter, who was very ill.
Thanks to the loan she was granted, she managed to acquire more merchandise and expand her store, because it improved her income.
Felicia belongs to San Judas Tadeo de 1ro. de Enero Communal Bank, made up of seven people, and she has been the president since the group was formed.
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