Las Fresas Del Algodonal Group
This group is going into its third loan cycle. All the members of this loan group are friends and neighbors in the same place. Gladys is one of the members. She is widowed and has 3 grown children who are independent. She has a public transportation business. Gladys saved for a long time to be able to buy herself a motorcycle taxi. She continued saving money when she rented this out, and now she has two units. The income she gets from the rental is very important as she is the only person covering her expenses. She will use the loan that she has requested to buy her next motorcycle taxi and, in this way, continue her dream of having a number of vehicles. Gladys is grateful to EDAPROSPO for the loan because, without it, she would have been delayed in buying her motorcycle taxis. She also wants to extend her thanks to the KIVA lenders who have trusted her and the group without knowing them.
Gladys is wearing a black jacket in the photo.
La Sra. Gladys es miembro del grupo Las Fresas del Algodonal
Este grupo va por su tercer ciclo, todas las socias de esta alcancía son amigas y vecinas de mismo lugar. La Sra. Gladys es una de las socias, ella es viuda y tiene 3 hijos mayores de edad que son independientes. Ella se dedica al negocio del transporte público. La Sra. Gladys ahorro durante mucho tiempo para poder comprarse un moto taxi, con el dinero del alquiler siguió juntando y en la actualidad cuenta con 2 unidades, los ingresos que percibe por el alquiler son muy importantes; porque ella sola sustenta sus gastos. Con el préstamo que ha solicitado podrá completar para comprar su próxima moto y así continuar con su sueño de tener varias unidades. La Sra. Gladys está muy agradecida a EDAPROSPO por su préstamo, porque sin él habría demorado para comprar sus motos, también quiere hacer extensivo el agradecimiento a los inversores de KIVA que sin conocerla confían en ella y su grupo.
*La Sra. Gladys viste casaca 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