Mi Niño Jesus Iv Programa Group
Update on Mi Niño Jesus Iv Programa GroupIsabel, age 37, is single, and she has two children. Isabel has been selling boiled vegetable stews at a small place for one year. Isabel has come to have loyal customers, which has generated income for her with which she has been able to cover the household expenses.
In the future she would like to have her own place and be able to sell her products to get greater income. She will buy more vegetables with the loan that she has been granted.
Isabel is the third from the right. She is seated, and she can be seen showing the check. She says good-bye with a strong hug for Kiva and the opportunity provided to her.
Previous Loan DetailsHello from Peru! May I introduce you to a group made up of five enterprising people with plenty of creativity for business: the members of the "Mi Niño Jesús de IV Programa" communal bank. One of the members is Jacqueline, 32, a very persevering woman who makes a living selling clothing. She ... More from Mi Niño Jesus Iv Programa Group's previous loan »
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.
Concurrent and Successive Loans
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