Virgen De Guadalupe Group
She’s married and has six children; she’s still supporting three of them. Ana started out selling clothes and gradually acquired a clientele and this is how she decided to start another business to improve her income. She’s currently a cheese merchant.
She feels happy about what she’s accomplished because thanks to her effort and work she’s been able to improve her family’s quality of life. Her greatest wish is to finish building her house and open a boutique.
She requested the loan to continue investing in her business. Ana is in the rear, third from the left, wearing a purple shirt and gray vest.
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