Las Palomitas Group
One member is María, who is 42 years old and married with four children, one of whom is still living at home. María buys and sells clothing on order for adults and children. At the moment she does not have a permanent location from which she can sell her products. She started out as an assistant helping to sell beauty products, but later became a skilled salesperson. She and her husband have been able to provide an education to their children and purchase a mototaxi, which one of their children uses for work.
Her main goal is to buy her own house. The current loan will enable her to purchase seasonal clothing such as skirts, polo shirts and blouses. She thanks the Kiva lenders for their support. In the photo she is sitting in the middle and wearing a black 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