Mujeres Emprendedoras De Micaela Bastidas Group
Reyna works since early in the morning selling articles of clothing that she sells in a small booth that she installed in her home. She did this to get ahead and prosper as a small business owner.
With the loan she will invest the money in the purchase of clothing articles such as t-shirts and blouses for retail. Reyna is very happy with the loan given and is grateful for the interest shown and the confidence that has been entrusted to her. She promises to continue improving herself for the better quality of life for herself and her family
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