El Sol De Cupiche Group
Doris is 56 years old and separated with 6 children. She currently supports 4 of them. She has a business where she offers the service of washing cars. With much effort, she has improved her business, which currently also offers snacks and drinks. This business arose with the idea of being able to provide a better education for her children, which is why she works so hard. Her greatest desire is to see her children become professionals.
She is requesting a loan to buy items to clean cars and sweets. The group “El Sol De Cupiche” is grateful for the provided credit and is committed to continue working well with the program "Prosperidad" (Prosperity). Doris is located in the back, second from the left side, wearing a dark vest with a purple long sleeve 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