Camino Al Exito Group
Constantina is an active member; she is 33, married and has two children that attend school. Constantina sells beauty products on demand, and a year ago she started a new business: selling bread. This has meant an extra income for her family. With these activities, she has been able to help her husband with the household expenses.
She will use the loan she was granted to buy talcum powder, perfumes, creams and deodorants for her customers. Her biggest dream is to finish building her house, where she plans to start a store to sell her beauty products.
In the picture, Constantina is the woman wearing a pink t-shirt. She appreciates the help given by Kiva lenders.
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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