Unidas Triunfaremos Group
She currently is in charge of a lot of saleswomen who, just like her, sell diverse beauty products like perfume, powder, and different cosmetics and jewelry. The income that she gets is of great help because she has been able to give her children a better quality of life and a good education. She also has been able to help her mother, who is under her care.
What she wants now is to manage to set up an establishment that is dedicated entirely to the field of beauty. She would be able to sell her products directly, and she would provide various services like facials, cleansing, and makeup, etc. Roció has experience, and she also has help from her daughters, which is important to her.
She has just been selected to be the new treasurer of the Unidas Triunfaremos communal bank. She will use the loan to pay for her product orders. This way she will continue investing.
*Rocio is the fifth woman standing.
* La Sra Rocio es la 5ta de las paradas.
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