Las Malvinas Group
In addition, for the last four years she’s also been selling shoes and clothes with her husband; they sell the shoes and clothes out in the province. Susana worked very hard to move her family forward and thanks to her effort and dedication has succeeded in improving her income. Her children attend private school and above all her family has a better quality of life.
Aiming at continuing to grow, she’s asked for a new loan to buy clothes and shoes. Susana will reach her goals with much work and effort and Edaprospo believes its loans will help.
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