Cruz De Espinas Group
Yaneth and her brother César were orphaned while still very little due to the rampant terrorism in Perú in the 90s. Since their childhood they had to work caring for cattle belonging to nearby neighbors. They worked hard and put much effort into their work and they currently own cattle of their own. They want to increase the size of their herd to raise and fatten up. The loan she’s asking for is to buy nutritionally balanced cattle feed.
She appears in the second row, fourth person on the right wearing a purple sweater.
The loan is for 500 new soles.
El Préstamo es de s/. 500.00 Nuevos Soles
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