Unidos Por Jehova Group
This is the “Unidos por Jehová” (United for Jehovah) communal bank; it has six, hardworking members who are going through the second cycle. Giuliana is part of its governing board, she’s group president.
She’s 23-years-old and has a spouse and three minor children. Giuliana has had a food stand for more than a year where she sells food to help cover household expenses. She currently lives with her grandmother who helps her care for her children.
Giuliana requested the loan to improve her stand, to buy kitchen utensils and to buy ingredients. Her dream is to have a house of her own and to buy a motorcycle. She’s grateful to Kiva lenders for making it possible for her to continue growing in her business.
Giuliana is third from the left wearing a black shirt and blue sweatshirt.
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