Cruz Del Norte Group
Isabel has had a small store in her home for 15 years, because of the times she has dedicated and the loans she has been able to obtain she has grown her business. As a parallel activity she rents out a locale for events and meetings which permits her to have additional economic income.
The loan will be used to invest in buying snacks and beverages to stock her store.
Desde hace quince años Isabel tiene una pequeña bodega en su domicilio, la cual dedicándole tiempo y gracias a los créditos que ella ha podido obtener ha ido creciendo su negocio. Como una actividad paralela ofrece en alquilar un local destinado a eventos y reuniones lo cual le permite tener otra ingreso económico.
El préstamo recibido lo invertirá en la compra de golosinas y bebidas para surtir su bodega.
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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