Las Brisas Group
Update on Las Brisas GroupThis is the “Las Brisas” bank. It is made up of 6 responsible and enthusiastic members. Fanny is 40 years old and married. Fanny has worked selling food with her family for more than 5 years. Thanks to her work and efforts she can keep helping her husband with the household expenses. In the future, she wants to become independent in the restaurant business. In order to improve, she asked for a loan with which she will buy rice, sugar, pasta, and milk, so she can serve her customers. The “Las Brisas” bank is grateful to all of the Kiva investors for making this loan possible. Fanny is the first on from the right, wearing a purple sweater.
Previous Loan DetailsThis is the new group "Las Brisas", which is made up of five responsible and enthusiastic members. 48-year-old Berbelina is separated. She has worked in the sale and distribution of food for more than three years. Thanks to her constant dedication she has managed to get ahead and provide her only... More from Las Brisas 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