Las Hormiguitas Group
Update on Las Hormiguitas Group‘Las Hormiguitas’ (Little Ants) consists of ten women who run small businesses. Sara is 30 years old and has a partner. She sells underwear, socks, and scarves for adults and children.
Sara plans to buy more underwear, socks, and scarves with the loan money. She is grateful to Kiva donors for the loan.
In the photo Sara is seated second from the right and is wearing a blue top.
Previous Loan DetailsThe “Las Hormiguitas” (Little Ants) group consists of nine hardworking, enterprising members who carry out activities and provide services. Miluska, 41, is single with three children aged 24, 22 and the youngest who is 15 and still going to school. Miluska has sold fast-food at home for 20 year... More from Las Hormiguitas 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