El Progreso Del Vallecito Group
Ana, 37, is the president of the group. She has a live-in partner and four dependent children.
Ana has a small grocery store that she set up in her home four years ago where she sells basic staples: rice, sugar, and beverages. She also works distributing products from the central highlands such as cheese, milk, quinoa, and maca [a native Andean root vegetable]. This way she helps her husband, a taxi driver, with the expenses and their children's education.
She'll invest the loan in buying rice, sugar, and oil. Her greatest wish es to finish the construction of her house and to give a better quality of life to her family.
The group is grateful to the Kiva lenders for this loan. Ana's the third person from the right; she's wearing beige pants and a black jacket.
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