Grupo Hatarinas Group
Epifanía and her live-in partner have a business selling silver and, in her free time, she finishes jewelry, which is her greatest skill. She has three children, two of whom are still minors. It is for them that she has to struggle to be able to give them the best, and thanks to the help of this institution, she has been able to give them an education and to build their home. With this latest loan she plans to invest in silver for new work projects.
David was not present for the group disbursement , which is why he appears in the photograph on the left hand side wearing a white shirt.
El Señor David no estuvo presente en el desembolso del grupo por motivo de trabajo, por lo cual se incrementa la fotografia lado izquierda, con polo color blanco.
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