Mujeres Unidas Por El Progreso Group
Betzabet is the leader of the group. She is 34 years old, separated, and has two children. She currently supports her younger child, who is school aged. For more than four years, Betzabet has worked selling kebabs. She sells them outside her house. Thanks to her hard work, she has been able to improve her quality of life, and one year ago, she started a store in her home that sells staple products. Betzabet is a hardworking woman whose goal is to finish building her home.
She is asking for this loan to invest in her store by purchasing groceries such as rice, milk, pasta, and oil so that she can build a loyal customer base.
The community bank "Mujeres Unidas por el Progreso" is very thankful for the loan being provided.
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