Señor Del Rimac Group
One of the members is Janet. She is married, 32 years old, with 2 young children. Janet works growing and selling flowers as most people do who live in these areas.This business has permitted her to increase her income and this is the way she supports her children with their education. Her biggest desire is to open her own stand where she can sell her flowers. The requested loan will be used to buy seeds.
The new group Señor Del Rimac is grateful for the credit provided.
Janet is the second from the right side and wearing a turquoise polo and carrying a baby on her back.
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