Estrellas De Fatima Group
Lucia is 45 years old, cohabiting with one son. She has been a member of the group for three years. Lucia sells new clothing in her home to her loyal customers. Lucia is asking for a loan in order to buy blue jeans, polos, shorts and socks. Her dream is to expand her business in order to assist her clients better.
Lucia is very happy for this loan and grateful to Edaprospo and to Kiva.
Lucia can be found in the back and is the first on the left side, wearing a long-sleeved cherry-red polo with brown pants.
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