Mujeres Positivas Group
Honorata is a single mother with two children. The youngest child is 15 and attends high school. For the past nearly 20 years, Honorata has sold vegetables in the local market. She chose this work because she saw a need for it and because the market is close to her children's school. She plans to use this loan to increase the selection and quality of her vegetables as well as to help pay for her son's tuition. For the future, Honorata dreams that her children will become professionals and that she will finish building her house.
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