Manuela Ramos Group
Virginia is 48 years old, married, and has five children. She has been selling clothing and footwear for two years. Her dream is to expand her business so that she can better serve her customers. She has requested this loan to further invest in her business with the purchase of clothing and footwear.
The group “Manuela Ramos” is grateful to Kiva and Edaprospo for providing them the loan which allows them to expand their businesses.
Virginia is seated on the left side, wearing a brown sweater and a blue shirt.
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