Los Progresistas De Cupiche Group
Update on Los Progresistas De Cupiche GroupThe group "Los Progresistas De Cupiche" consists of diligent members who want to attain a good quality of life for their families.
Junior is 31 years old, in a common-law relationship, and has two dependent children. He raises pigs and chickens that he eventually sells to markets and restaurants. Junior has also been providing construction services for the past two years. A few years ago, he worked as a taxi driver.
His loan will be invested in the purchase of food for his animals. The group appreciates the Kiva lenders for providing this loan. Junior is the first person standing on the right side.
Previous Loan DetailsThe “Los Progresistas de Cupiche” (Cupiche Progressive Ones) group consists of members who are dedicated to various retail commercial businesses. Nélida, 40, is single with a daughter in university and a one-year-old baby. Six years ago she opened a restaurant where she sells lunch and dinner; ... More from Los Progresistas De Cupiche 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