Mujeres Triunfadoras Group
Soledad is thirty-one years old and lives with her two young children. She makes a living selling tire products. Soledad says that despite the competition, her business has done well and this is her motivation to continue working.
With the loan that she is requesting, she will buy tires and patches for her business. Her greatest wish is to have her own home; she is currently renting. She is thankful for the Kiva investors for helping her progress.
Soledad is standing in the last line, third from the left in the white sweater.
The woman in the light blue sweater is Romina; she is located in the front row on the right. She is the mother of Jhenry, and is standing in since he could not be present for the group photo because of school.
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