Señor Cautivo De Ayabaca Group
For more than five years Lucia has made a living by selling soft maize-based food. She sells this from outside her home. She will use the loan to buy supplies, such as sugar, milk, and rice. Her greatest wish is to set up a space where she can offer her products and thereby give her diners better attention.
The group is grateful to Kiva investors for their help. Lucia is the third from the right; she is wearing a black jacket and a fuchsia-coloured turtleneck top. Miriam could not be present for reasons pertaining to her job.
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