Las Palomitas Group
She started working in an early childhood development room. She got work experience taking care of children. This work is also known as “Madre Guía” (Guiding Mother). Her effort has not been in vain. She is currently the director of the daycare centers in the zone. With the income this employment generated she built a small apartment on the land that her mother gave her. She also got her own land. This way she supports her life partner with the basic services' expenses and with part of their children’s education. The children are still minors.
She will use the loan to buy educational and decorative materials for the atmosphere of her child care center, “Gotitas de Amor” (Little Drops of Love). She will do this to provide the children with more warmth.
Her next dream is to be building, little by little, 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