Tayta Cruz De Muruhuay Group
This is the case of Elena, 56, a widow with two independent children. She has worked for more than 20 years planting and harvesting avocados and bananas, which she then distributes to stores and markets. Elena's a woman who has had to make an effort to support her children's education. Currently she uses her income for planting and some household expenses.
She requested the loan for her harvest because she has to pay her workers. His biggest desire is to continue working positively.
She and the Tayta Cruz de Muruhuay group are grateful for the loan offered. She's the second one from the left, wearing a brown t-shirt. Jorge wasn't able to be there because of work.
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