La Rosa De Guadalupe Group
Rosario is 39 years old, separated from her spouse, and has four children. Three of her children are still dependents. Rosario currently operates a convenience store and bookstore in her home. As a result of her efforts, she has been able to make improvements to her home. Despite the competition, she is pleased to have gained the loyalty of her customers. Rosario is requesting a loan so that she can invest in her convenience store. She will buy groceries such as rice, milk, noodles, and sugar. Her wish is to finish the construction of her home and to expand her business.
The group “La Rosa de Guadalupe” is grateful for the assistance that has been provided so that it will be possible for them to make progress. In the photo, Rosario is the woman wearing a sky-blue jacket and black pants.
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