Las Esmeraldas Group
Gladys, 41, is married with three children two of which are still dependent. For more than four years she’s been knitting; she makes jackets, shawls, bedspreads among other accessories and she does it to order. Said activity has made it possible for her to earn household income. Gladys is a very hardworking woman who seeks to make herself better every day which is why she attends knitting workshops. She will use her current loan to buy yarn and wool because she has much knitting to do. Her greatest wish is to see her children become professionals. Gladys is second from the right and is wearing a blue tank top and black slacks.
Ysabel was unable to be present because of work. The Las Esmeraldas group is grateful for the loan provided.
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