Milagros is a member of the group “Las Señoras De Lúcumo” which is comprised of 8 hard-working women that are in their 9th cycle. Milagros is 28 years old, she is separated from her husband, and she has two dependent children.
One month ago she began selling snacks, such as Fritos. She is happy because, thanks to her hard work, she can continue supporting her two small children.
She is seeking a loan so that she can buy Chisitos, Lays, and Chifles (brands of snacks). This way she can continue running her business, which is her biggest dream.
The group “Las Señoras De Lúcumo” is thankful for the loan as it makes their progress possible. Milagros is the third from the right and is wearing a blue top.
Milagros es socia del grupo “Las Señoras De Lúcumo” conformada por 08 mujeres trabajadoras que pasan a su 9vno ciclo. Milagros de 28 años es separada con 02 hijos dependientes. Hace más de 01 mes que se dedica a la venta de productos de frituras como el frito lay. Se siente feliz pues gracias a su esfuerzo puede seguir apoyando a sus menores hijos. Solicitó el crédito para la compra de chisitos, papitas lays, y chifles. Seguir implementando su negocio es el mayor deseo de Milagros. El grupo “Las Señoras De Lúcumo” están agradecidos con el crédito brindado ya que hace posible su progreso. Milagros es la tercera del lado derecho y viste polo celeste.
EDAPROSPO 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.