Los Girasoles Group
Sonia Norela belongs to the communal bank "Los Girasoles," which has seven responsible members who make their loan payments on time. She will use this loan to buy items for a commercial kitchen because her business must be able to prepare more dishes to increase its customer base.
Sonia Norela pertenece al grupo "Los Girasoles" formado por 7 socios, ellos se han caracterizado por su responsabilidad y puntualidad en el pago de su crédito. En ésta oportunidad ella invertirá el préstamo recibido en la compra de una cocina industrial ya que es muy necesario para su negocio para poder preparar mas platos de comida y asi aumentar su número de clientes.
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