Los Girasoles Del Algodonal Group
She has a stall for selling fish and shellfish in a fish market. She has been working in this business for 20 years. Some of the products she sells are anchovy, squid, scad, mackerel, mahi-mahi, scallops, etc.
She will always be grateful to a friend who encouraged her to work and taught her everything about fish products. The seasons of greatest demand are the holidays because people eat these foods then. Her work is maintaining her home and being a big help to her husband, above all for their children's studies. They also have improved their home, which makes them more comfortable.
Later she wants to start another type of business in which she can work with her children. What she wants is a juice bar, but this will be in the future. For now, with her loan she is going to buy fish and shellfish wholesale and at a lower price. This way she will supply herself for the coming holidays.
* Juana is the first of the women who are standing, behind the seated woman in the yellow blouse.
* La Sra Juana es la primera de las paradas esta (detrás de la Sra de blusa amarilla sentada)
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