Cruz Del Norte Group
Marina has been selling stuffed potatoes in the evenings for over five years. This is her primary independent business activity. In the mornings she works as a kitchen helper in order to improve her finances.
One of Marina’s dreams is to have a restaurant. This way she would be able to improve her finances, and she would no longer need to work as a kitchen helper.
She will use the loan she received to buy disposable items and supplies in order to sell stuffed potatoes.
La Sra. Marina se dedica desde hace mas de cinco años a la venta de papa rellena por las noches, éste es su actividad principal de forma independiente, por las mañanas para mejorar su economía trabaja como ayudante de cocina.
Uno de sus sueños de la Sra. Marina, es tener un restaurante, con ésto ella podría mejorar su economía y ya no necesitaría trabajar como ayudante de cocina.
El préstamo recibido lo invertirá en la compra de descartables e insumos para la venta de papa rellena.
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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