Madres Laboriosas Group
Mirtha has been working for the last 5 years selling Omnilife products. These are products that contain vitamins, and proviD. us with energy. Mirtha sells her products from her home. This business came about because her children were already grown and married, and so she wanted her financial independence and to feel fully realized as a woman. Thanks to her efforts and dedication, she has achieved significant financial income, and has purchased items for her home. She and her husband live happily, and with the goal of continuing to grow, she has requested a new loan to buy merchandise that she will continue to sell. We know that Mirtha will accomplish her goals with much hard work and effort, and that the loans from Edaprospo will help her in this.
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