El Trebol Group
Such is the case with Sra. Luz, a 56-year-old mother of three children. One child is still under her care and reliant on her for education, food, and clothing. Sra. Luz sells newspapers each day. With the income from her business, she was able to move her family forward and purchase a piece of land. Later on, she will add a second floor with three rooms that she can make available for rent.
With this current loan, Luz will be able to continue operating her newsstand where she also sells candy. Just like the other members, she has a unique story, but they all share the enthusiasm and drive to succeed for the good and economic improvement of their businesses.
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