Juntos Al Progreso Group
L. is an entrepreneurial young woman who sells basic household products (Bodega Alexandra - Alexandra's Grocery Store). She is 27 years old and has a 4 year-old son. She started working in this business as she was let go from her previous job.
With her previous loan, L. was able to stock her store and also spend more time with her son. Her goal is to build a house so that she can provide her family with a better quality of life. She will use this loan to buy merchandise.
L. es una joven emprendedora dedicada a la venta de productos de primera necesidad (BODEGA ALEXANDRA), a sus 27 años tiene un hijo de 4 años, inicia sus labores en ese negocio, debido a que es despedida en su anterior trabajo.
Con el préstamo recibido anteriormente ha podido implementar su bodega y además pasar mas tiempo con su hijo, la meta de L. es construir su vivienda para darle una mejor calidad de vida a su familia, con el préstamo recibido se realizara la compra de mercadería.
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.
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