Amigas Unidas Group
Now she serves meals. She provides meals to workers in various factories. On the days the factories don't operate, she prepares fast food such as tamales, and stuffed potatoes, that she sells around the area where she lives. A lot of people buy from her, because they know how tasty her food is.
For some time, her work was a great help in supporting the household, as her husband didn't have a steady job. This way she was able to send her children to school, and improve her house.
The money from her loan really helps her buy the ingredients she needs, such as rice, noodles, and legumes; and this way she can save a little more.
She will use another portion of the loan to improve her kitchen utensils, to present a good appearance for her customers. In the future she would like to have a regular business in a nice, comfortable place, where she can sell the dishes she prepares.
Currently, she is the president of the "Amigas Unidas" communal bank. Nancy is wearing a red blouse.
Nancy esta vestida con blusa roja.
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