El Renacer De Chacrasana Group
This is Elbas's case,with her work she has been able to help with the household expenses. At present, she has a book and stationery store, and she tells us that it is going well. In spite of the competition, she has managed to increase customer numbers. She feels happy and is thankful to Kiva lenders for their help.
She asked for the loan to purchase notebooks, pencils, folders among other supplies for scholastic year. Elba is 57 years old, married with 3 independent children. Continuing to improve her business is her greatest desire. Elba is seated on the left in the front row, dressed in a black sweater.
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