Las Palomitas Group
Update on Las Palomitas GroupNorma is 42 years of age, married with two dependent children. She set up a small general store in her home six months ago and, at the same time, she makes a living selling beauty products.
She will invest the loan in the purchase of more products: rice, sugar, beverages, candy.
Within the group "Las Palomitas," Norma performs the role of treasurer. The group thanks the KIVA investors for the loan provided.
Norma is the person standing first from the right, wearing a grey jacket.
Previous Loan DetailsAida, 46, has a spouse and a dependent son. She’s been selling natural remedies for ten years and for the last 25 years has also sold auto parts. She will use the loan to buy more natural products. Her greatest wish is to open a natural remedies stand. Aida is standing second from the right we... More from Las Palomitas 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