Reyna De Los Angeles Group
Their main customers are people who go to stadiums. They sell their products themselves and make a living in sales. Mary's happy about her business, especially when sales are good.
With the loan she's going to buy fabric to continue making garments and she'll also buy sports polo shirts, which are in great demand among her customers.
Her biggest dream is to make a living sewing polo shirts. For now she's not doing it because it's a major investment, but she hopes to do it very soon.
Mary's grateful for her job, which allows her better finances for her household. She's also very grateful to the Kiva lenders, who allow her and her group to get their loan.
*Mary's the first in line, wearing a black sweater. On the left side is Sra. Nelly, who is wearing a pink jacket and has a black purse.
*En la fotografía Mary viste chompa negra. La que se encuentra al lado izquierdo de la fotografía es la Sra. Nelly que viste una chompa rosada y tiene una cartera negra.
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