Santa Rosa De Huaquillay Group
For nine years Rosemary has earned a living by mending clothing. She started making clothes when she was 18 and decided to start her own business, which has offered her economic stability and enabled her to help her husband with food costs.
Her greatest wish is for her children to have good careers.
She will use the requested loan to purchase a stock of clothing.
Hace nueve años Rosemary se dedica a la compostura de prendas, desde los 18 años empezó a confeccionar y decidió poner su negocio, gracias a su negocio ha logrado su estabilidad económica, y apoya a su esposo en los gastos de alimentos.
Su anhelo es que sus hijos sean profesionales.
Con el préstamo solicitado lo invertirá en stock de prendas de vestir.
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